{"id":52338,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"http:\/\/myanmarnewswire.com\/?guid=e067f12228bd1f7f3354f02bf9e2dc6e"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"coupang-to-invest-3-tln-won-in-expanding-its-delivery-service-nationwide","status":"publish","type":"post","link":"https:\/\/myanmarnewswire.com\/coupang-to-invest-3-tln-won-in-expanding-its-delivery-service-nationwide\/","title":{"rendered":"Coupang to invest 3 tln won in expanding its delivery service nationwide"},"content":{"rendered":"


\n SEOUL, Coupang Corp., South Korea’s leading e-commerce company, said Wednesday it will invest 3 trillion won (US$2.23 billion) for the next three years to expand its renowned “rocket delivery” nationwide in a bid to solidify its dominance in the competitive market.<\/p>\n

The plan includes the establishment of over eight fulfillment centers across the nation, serving as the logistics hub for its super-fast delivery service.<\/p>\n

Additionally, the company will harness advanced automation technology to enhance efficiency and reliability in its operations, with upgrades to its existing delivery network.<\/p>\n

With this investment, Coupang anticipates extending the coverage of its signature rocket delivery service to 88 percent of the country by 2026 and achieving nationwide coverage by 2027.<\/p>\n

The move comes amid escalating competition from Chinese e-commerce giants, notably Alibaba Group’s Aliexpress, which has been aggressively expanding its presence in the South Korean market.<\/p>\n

Alibaba recently announced a commitment of 1.5
\ntrillion won to the South Korean market over the next three years, underscoring the intensity of competition in the region.<\/p>\n

Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"

SEOUL, Coupang Corp., South Korea’s leading e-commerce company, said Wednesday it will invest 3 trillion won (US$2.23 billion) for the next three years to expand its renowned “rocket delivery” nationwide in a bid to solidify its dominance in the comp…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nCoupang to invest 3 tln won in expanding its delivery service nationwide - Myanmar Newswire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewswire.com\/coupang-to-invest-3-tln-won-in-expanding-its-delivery-service-nationwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coupang to invest 3 tln won in expanding its delivery service nationwide - 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