Coupang became’listed on the U.S. stock market’…

Coupang Coupang

[에너지경제신문 나유라 기자] While Coupang, an online shopping mall officially listed its listing on the New York Stock Exchange, Coupang founder Kim Beom-seok, chairman of the board of directors, received a total of 15.8 billion won in compensation last year.

According to a listing application filed by Coupang to the U.S. Securities and Exchange Commission on the 13th, Coupang’s sales last year were $1.97 billion (about 13.25 trillion won).

This is a 91% increase from the previous year (2019) of 7.1 trillion won.

The size of the deficit decreased by about 150 billion won from 7205 billion won in 2019 to 525.7 billion won last year.

The number of active customers who have purchased a product from Coupang at least once was 14.8 million in the fourth quarter of last year, up 25.9% from 11.8 million in the fourth quarter of 2019. This is 30.8% of the Korean internet shopping population at 48 million.

Net sales per active customer were estimated at about 256 dollars (about 283,000 won) as of the fourth quarter of last year. This is a 59.0% increase from about $161 (about 178,000 won) in the fourth quarter of 2019.

It was found that the purchase amount of Coupang subscribers increased as time passed.

For customers who made their first purchase in 2016, they spent 1.37 times their first year purchases in 2017. Since then, it spent 1.8 times in 2018, 2.7 times in 2019, and 3.5 times the purchase amount in the first year last year, the fifth year of membership.

In 2017, subscribers spent 3.46 times more than the first year they signed up last year, and in 2018 subscribers spent 3.6 times more last year.

The document also revealed the compensation of Coupang founder Kim Bum-seok, chairman of the board of directors. It was found that Chairman Kim received a total of $14,31229 (worth 15.8 billion won) in compensation, including an annual salary of 886,000 dollars (about 980 million won) and a stock-type bonus last year.

In addition, Coupang announced that it will distribute 100 billion won worth of stock to employees such as’Coupangman’, a delivery manpower. In the paper, Coupang congratulates on an important step in the company’s history (called listing on the U.S. stock market) and acknowledges its dedication to customers amid the novel coronavirus infection (Corona 19), frontline workers and It will provide stocks worth up to KRW 100 billion to non-manager employees.’

“These employees are the foundation of the company and the reason for its success,” said Coupang.

Coupang introduced, “As of the end of last year, the company is playing an important role in providing new economic opportunities to the Korean people, such as directly hiring nearly 50,000 people.”

Coupang added, “In particular, we hired 25,000 people last year alone, and we aim to hire 50,000 new people by 2025.”

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