Coupang says it swings to a net loss in the third quarter, attributing the downturn largely to costs linked to a warehouse fire at one of its fulfillment centers. The company reports a net loss of 715.1 billion won ($501 million) for the three months ended in September, compared with a net profit of 131.6 billion won in the same period last year.
Yonhap and The Korea Times both highlight that the fire occurred at a Coupang Fulfillment Center in Incheon in July and affected the company’s quarterly earnings. Both also refer to the incident as the second-longest-lasting warehouse fire in South Korea, following an earlier major Coupang fire in 2021. The reports further note that Coupang has recorded net losses for three consecutive quarters in 2025, with additional pressure coming from fallout tied to a previously disclosed data breach.
Across the sources provided, the emphasis stays on the same drivers—fire-related costs and continued financial weakness—while no other distinct factors are introduced.
