Coupang founder and chairman James Kim addressed shareholders, acknowledging four consecutive years of net losses for the South Korean e-commerce giant. He indicated the company is nearing the end of its most challenging period, attributing losses to aggressive market share acquisition through substantial investment, particularly in logistics and new business ventures. Despite the ongoing financial strain, Kim expressed optimism about future profitability and growth. Shareholders questioned the lack of dividends during this period of losses. Kim explained the company prioritized reinvestment for expansion over shareholder payouts. Coupang continues to compete fiercely with established players in the South Korean e-commerce landscape, focusing on rapid delivery and diverse service offerings. The company aims to achieve sustainable profitability in the near future.