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Coupang Challenges 300 Billion KRW Tax Bill and Estimates Fire Losses
Retail Trade · Internet Retail · yonhap_finance · 2026-08-04
Coupang Inc. plans to contest a 300 billion KRW tax assessment while estimating a 350 billion KRW loss from a recent warehouse fire in Incheon.
What Happened
Tax Dispute: Coupang Inc. announced it received a notice from the National Tax Service regarding a 300 billion KRW tax assessment. The company intends to challenge this decision through administrative appeals and potential litigation, as it disagrees with the findings.
Transfer Pricing: The tax assessment primarily concerns transfer pricing and transaction structures between Coupang and its subsidiary, Coupang Fulfillment Services. The company remains confident that its position will be vindicated during the appeals process.
Fire Damages: The company estimated that losses from the recent fire at its Incheon logistics center amount to approximately 350 billion KRW. This impact is expected to be reflected in the third-quarter financial results, with insurance claims currently being processed.
Financial Outlook: Management noted that there could be additional unforeseen costs or liabilities related to the fire. These combined factors—the tax dispute and the warehouse fire—introduce significant financial uncertainty for the upcoming quarters.