South Korea names Coupang founder as controlling entity
South Korea's watchdog named Kim Bom as Coupang's controlling entity to enforce stricter regulations. The move follows a probe into the firm's internal operations.
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South Korea's Fair Trade Commission (FTC) designated COUPANG INC founder Kim Bom as the group's "same person" on Wednesday. This classification places Kim under the same regulatory framework as the heads of SAMSUNG ELECTRONICS CO LTD and SK INC. The designation subjects Coupang to stricter disclosure rules on intra-family transactions and holding company structures.
