Higher Membership Fees Supercharge Coupang (CPNG) Stock

Coupang (NYSE:CPNG) stock is on the rise Friday following reports that the e-commerce company is preparing to increase the price of its membership fees.According to these reports, Coupang will increase its monthly membership fee from 4,990 won to 7,890 won. That represents a 58% increase in membership fees for the South Korea e-commerce company.This higher membership fee is for those subscribed to its Wow plan. The company is intending to expand exclusive benefits for members of this plan. The price hike go ...