Consumer

Coupang Inc. posts Q3 operating loss of 642.3 billion won, swinging to redSignal

Reflects fire costs of 354 billion won... revenue up 11% to 14.2209 trillion won

Coupang's parent Coupang Inc. topped 14 trillion won in third-quarter revenue this year but swung to an operating loss of 642.3 billion won. The loss from the July fire at an Incheon logistics center was booked in the results, and the burden of cost of sales and selling and administrative expenses also grew.