Sports

Coupang shifts to net loss in Q2

Coupang Inc., an online retailer, said Wednesday it swung to a net loss in the second quarter, mainly due to an estimated fine over allegedly using unfair search algorithms.

Coupang posted a net loss of US$105 million in the April-June period from a…

Kakao Bank’s Q2 net jumps over 46 pct on growing customer base

Online lender Kakao Bank said Wednesday its net profit jumped over 46 percent from a year earlier in the second quarter amid a steady increase in the number of its customers.

Its net profit came to 120.2 billion won (US$87.4 million) in the April-Ju…