Documents for listing application by the Securities and Exchange Commission revealed
Mention of’Risk Factors’ in the Union Organization·Severe Accident Punishment Act
The appearance of the Coupang office building in Songpa-gu, Seoul. yunhap news
Coupang submitted documents for listing to the US Securities and Exchange Commission for listing on the New York Stock Exchange, saying, “The Ministry of Employment and Labor has decided that Coupang Flex and Coupangitz deliverymen are not workers (under the Labor Standards Act) but independent contractors (individual business owners).” Less controversy is expected. This is because there is no known how the Ministry of Employment officially judged the workers’ nature of highly controversial people. The Coupang side is not revealing what is the reason for this writing. In a document submitted to the Securities and Exchange Commission by Coupang on the 13th, one of the’risk factors’ was “the characteristics of delivery logistics, including self-delivery services and services using independent delivery partners.” This characteristic “exposes the potential liability and cost of litigation that could adversely affect our business, financial position and operational results.” The use of’platform workers’ with both the characteristics of workers and independent contractors in a business could be a potential risk. Controversy over the workers’ nature of platform workers who provide labor to vehicle calling platforms such as Uber and food delivery platforms such as’Deliveru’ is ongoing worldwide. In the same way, in Coupang, Coupang is not only’Koochin’ (formerly Coupangman), who hires as a worker under the Labor Standards Act to deliver goods ordered by customers, as well as’CoupangPlex Partners’, a platform worker who receives a commission according to the number of deliveries on a specific day or region. Leave it to The delivery man of Coupangitsu, a food ordering and delivery service operated by Coupang, is also a platform worker. In this process, Coupang wrote, “The domestic regulatory agencies including the Korean Ministry of Employment and Labor have decided that Coupangplex partners and Coupangitz delivery partners are independent contractors, not employees.” “We believe that they are independent contractors,” he said. “It is because they can choose whether to provide services, when and where, and do other things or provide services to competitors.” However, an official from the Ministry of Employment said in a phone call that day, “We have to check how the (individual) case was handled by the Local Employment and Labor Administration.” An official from Coupang replied, “It is difficult to confirm the facts regarding the listing application documents under the US Securities and Exchange Commission regulations.” Coupang said in the listing application document, “If classifying Coupang Flex-Its as an independent contractor becomes difficult in laws and legal interpretation, the cost of defending and solving it can be an important factor in our business. Status) According to the reclassification, the business model must be changed, and it could have a negative impact on the business and financial status.” In addition, Coupang said, “Current and former employees have filed charges against wages, working hours, unfair dismissal, industrial accidents, etc. to the Ministry of Employment or the Occupational Safety and Health Agency,” and said that they are subject to investigation, investigation, disputes, and lawsuits regarding employment and labor laws. I also mentioned that it is becoming. In Coupang, labor environment problems such as the recent collective infection of COVID-19 in the distribution center and overwork of workers in the distribution center continue to rise. In a document, Coupang said, “Korean laws and regulations stipulate very broad and technical safety and health obligations for employers and persons to whom services are provided. do. The Ministry of Employment can also order to stop working if it identifies a hazardous or dangerous situation in the workplace.” Regarding the fact that’Kuchin’ joined the KCTU public transport union and Coupangitz delivery man joined Ryder Union, he said, “Some of our workforce is union members, and negotiations for collective agreements are currently underway.” “More Coupang Flex ·Its delivery personnel organization may occur, which can have negative consequences for business and financial conditions.” Rider Union Chairman Park Jung-hoon said, “When Coupang was listed, it emphasized that Coupangplex and ITS delivery workers are not workers under the Labor Standards Act. Coupang’s behavior of changing working conditions every minute and taking responsibility for accidents to workers is attractive to stock investors, but makes workers uneasy. “I hope we will seriously consider whether the realization of financial profits built on unstable labor should be our future.” By Park Tae-woo, staff reporter [email protected]
□ <한겨레>At the time of the first report on the afternoon of the 13th, the Ministry of Employment and Labor reported that’the headquarters of the Ministry of Employment and Labor has never determined whether the delivery worker of Coupang Flex and Itz is a worker under the Labor Standards Act’. The article text and subtitle have been revised to inform the purpose.