Bum-seok Kim, CEO of Coupang
Coupang founder Kim Bum-seok (chairman of the board of directors) said, “We will distribute Coupang shares to frontline employees” with the direct listing of the New York Stock Exchange. The financial resources are about 100 billion won. Chairman Kim said, “Coupang will be Korea’s first company that makes employees on the frontline also stockholders.” It means that people working in distribution centers and delivery people such as’Kochin’ will have stock in Coupang.
Chairman Kim also stressed that it will create jobs for a total of 50,000 people by 2025. Coupang was ranked as the company that created the most jobs in Korea last year. It has announced that it will build 7 full-filment centers outside of the Seoul metropolitan area, spending $870 million. Chairman Kim said, “In the future, we will invest trillions of dollars in social infrastructure (infrastructure) and job creation for the development of regions outside of Seoul. Mission” he said. He added, “We will let everyone in Korea experience Coupang’s’wow experience’.”
Coupang officially announced the direct listing of the New York Stock Exchange on the night of the 12th in Korean perspective. CNBC News delivered this news as Breaking News. Coupang is the first domestic company to list directly on the New York Stock Exchange, which is known for being tricky. It is the largest overseas company directly listed after Alibaba. CNBC projected Coupang’s corporate value to be over 50 trillion won.
Reporter Park Donghui [email protected]
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