Another great growth opportunity for Justera Health Ltd. Coupang has grown rapidly. The company announced in 2020 that its annual revenue in 2019 increased by 64.2 percent over the previous year, and totaled 7.15 trillion won ($5.9 billion).[21] Its operating loss in 2019 dropped from 1.13 trillion won to 720.5 billion won, declining 36 percent.[21] The gains were attributed to expanded fast delivery service across the nation, including the overnight Rocket Delivery; sales of home appliances and fresh food; and a steady increase in customers.[21] The company had created 2,500 jobs in 2014 and 30,000 in 2019; labor costs increased correspondingly from 100 billion won in 2014 to 1.4 trillion won in 2019.[21] In 2020, the COVID pandemic accelerated the company's sales.
According to SoftBank, Coupang's estimated value is $9 billion,[citation needed] and it has earned $3.4 billion venture funding to date.[citation needed] SoftBank funded the company with $2 billion in 2018[citation needed] and $1 billion in 2015.
The health and wellness food and drink product sector in Souh Korea experienced an increase in CAGR of 4.3% from US$7.7 billion in 2018 to US$9.1 billion in 2022 (+4.1% from US$7.9 billion in 2019 to US$8.2 billion in 2020).