Coupang: The South Korean E-Commerce Giant Emerging as a Growth Stock Alternative
Investors wary of overvalued U.S. tech stocks may find opportunity in Coupang, the Seoul-based e-commerce leader often dubbed 'the Amazon of South Korea.' With a $60 billion market cap and Prime-like subscription penetration in two-thirds of Korean households, the company differentiates itself through hyper-efficient logistics.
While the Magnificent Seven trade at frothy forward P/E ratios above 30, Coupang represents a growth play insulated from overheated U.S. valuations. Its 2010 founding and focus on rapid delivery in Asia's fourth-largest economy position it as a discrete bet on regional consumption trends rather than speculative tech multiples.