BriefZip

South Korea's stock market took buyers on a wild ride on Wednesday, November 4, 2026. The benchmark KOSPI index slid as much as about 4% during the session, then turned around in the afternoon to close 0.62% higher at 5,683.80. The same day, e-commerce company Coupang reported a third-quarter operating loss despite higher sales, Hyundai Motor Group showed a new building block for large hydrogen plants, and a consumer dispute panel ordered Mercedes-Benz Korea to compensate electric-car buyers who were misled about their batteries. This briefing walks through each story, explains the numbers and terms, and ends with what to watch next. Won amounts are converted at about 1,341.5 won per dollar, the Seoul market reference rate at 3:30 p.m. on November 4, unless another rate is noted. Stocks: a 400-point swing in one day The KOSPI, which tracks the stocks listed on the main board of the Korea Exchange, closed up 35.01 points, or 0.62%, at 5,683.80. The KOSDAQ, Korea's market ...

Coupang, the company behind South Korea's Rocket Delivery service, increased sales in the third quarter of 2026 and still lost money on its core operations. The New York-listed e-commerce company reported net revenue of $9.96 billion for the three months ended Sept. 30, up 7% from a year earlier and up 11% on a constant currency basis. But it posted an operating loss of $450 million , compared with an operating profit of $162 million in the same quarter of 2025. The biggest single hit came from a July fire at a leased fulfillment center in Incheon, west of Seoul. Yet even after stripping out the fire, Coupang was still in the red. This post walks through what the company does, how much the business grew, how big the fire cost was, and why costs outran sales. What Coupang is Coupang is often described as the Amazon of South Korea. Its parent company, Coupang, Inc., is headquartered in the United States and trades on the New York Stock Exchange under the ticker CPNG, but most o...