Coupang has decided to raise the price of its Wow paid membership service to 7,890 won, or $5.74 per month, up 58% from the current 4,990 won, in an effort to improve profitability, but the abrupt price hike announcement has drawn criticism from users who think it is excessive, reported The Korea Times’ Baek Byung-yeul.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPNG:
- Coupang planning KRW 3T expansion of Rocket Delivery service, Nikkei reports
- Coupang put volume heavy and directionally bearish
- Goldman Sachs Says ‘Buy AI Beneficiaries Beyond the High Momentum Stocks’; Here Are 3 Names to Consider
- Alibaba to take on Coupang with $1.1B investment in South Korea, Nikkei says
- Coupang call volume above normal and directionally bullish