Investor Presentaiton

Korea is a massive and fast-growing commerce market CAGR 2021 - 2025E Total Commerce CAGR: 6% $483B $196B 2021 Total Commerce ☐ E-commerce $616B $291B 2025E Note: All figures exclude automobiles and fuel Source: Euromonitor International Ltd, Coupang estimates based on Euromonitor's Retailing 2022, Consumer Foodservice 2022, and Travel 2022 editions; "Total commerce" defined to include all online and offline retail —including grocery-consumer foodservice, and travel spend. "E-commerce" defined to include online retail-including grocery-consumer foodservice, and travel coupang spend Retail value RSP incl sales tax, US$, fixed exchange rate, constant terms. 3

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