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We expect our implied take rate to remain relatively in-line year-over-year.
The Company may elect to designate certain derivatives to partially offset its business exposure to foreign exchange risk.
HLI and ELI each consist of commercial general liability insurance policies, with the Company as named insured and hosts and their landlords as additional insureds.
\_\_\_\_\_\_\_\_\__ (1)Administrative fines include only certain significant regulatory fines and penalties that Coupang does not consider to be normal operating expenses related to the Company’s ongoing operations, revenue generating activities, business strategy, industry, and regulatory environment.