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…
Latest Yoo Kim News & Updates
Seoul, Dec 28 (IANS) Coupang founder Kim Bom-suk has said he would not appear for a parliamentary hearing this week over the e-commerce giant’s massive data breach, a lawmaker said on Sunday, in what would be another absence of his over the hearing over the breach that affected nearly 34 million people.Kim has submitted a statement on his non-appearance for the hearing scheduled Tuesday and Wednesday, according to Rep. Choi Min-hee of the ruling Democratic Party (DP), reports Yonhap news agency….