Seoul, April 29 (IANS) South Korea’s antitrust regulator on Wednesday newly designated Kim Bom, founder of US-listed e-commerce giant Coupang, as the company’s de facto controlling entity, placing him under stricter regulatory oversight.Kim, a U.S. citizen who also serves as chairman of the board, was designated as the “same person” of the group, a legal term referring to the individual who effectively controls a conglomerate, the Fair Trade Commission (FTC) said.The FTC’s decision comes as Coup…
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Seoul, Jan 11 (IANS) The chairman of private equity firm MBK Partners, Kim Byung-ju, and three other senior executives, were set to face a hearing this week on whether to issue arrest warrants for them over questionable sales of short-term bond of troubled retailer Homeplus Co.The Seoul Central District Court was scheduled to hold the hearing on Tuesday after prosecutors sought arrest warrants for Kim and other senior executives, including a co-chief executive of Homeplus, on charges of fraud an…