Being Prepared: How Treasury Supports a Global Tech Business

ByJosephine J. Romero

Jun 19, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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In South Korea, the on the internet retail sector is dominated by a tech organization termed Coupang. Founded in 2010, Coupang is dependent in Seoul and integrated in the U.S. state of Delaware. It primarily serves Korea, but has lately expanded functions into Japan and Taiwan as perfectly. Coupang now has a whole of additional than 65,000 staff members close to the globe.

“If I experienced to make a comparison to U.S. tech organizations, I would say that Coupang is a blend of Amazon, Netflix, and Uber Eats,” claims Eddie Hong, group treasurer. “We are the major e-commerce player in South Korea, and in addition to our different e-commerce solutions, our offerings encompass everything from movie streaming and chilly-chain logistics to foodstuff supply and fintech.”

Provides Marisa Lee, Coupang’s head of international PR: “What is most unique about Coupang is the buyer practical experience. We give finish-to-close providers for which we have and function every single section of the process—and simply because we have these entirely built-in techniques, we can present an experience like no other. For case in point, we have a service termed ‘Dawn Supply,’ where customers can get an product by midnight and have it shipped to their doorway ahead of 7 a.m. the following early morning. Dawn Delivery is available throughout Korea for tens of millions of items.”

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