Coupang, which is promoting listing on the New York Stock Exchange, announced that it will distribute 100 billion won worth of stocks as bonuses to regular employees such as frontline employees and Kuchin (Coupangman).
On the 12th (local time), Coupang announced such employee compensation plans and employment goals in a corporate disclosure report (S-1 document) filed with the US Securities and Exchange Commission (SEC).
Coupang said, “To commemorate the stock listing and to acknowledge the efforts of employees who served customers even in the Corona 19 pandemic situation, we plan to provide 100 billion won or $90 million worth of stock bonuses to front-line employees and non-manager regular employees such as Coupang Man.” Revealed.
In addition, Coupang said, “Currently, we are directly hiring close to 50,000 employees in Korea, and in particular, we added 25,000 new employees last year. We are proud to be a company that created significant employment opportunities during the Corona 19 crisis.” .
“The future employment goal is to create 50,000 new jobs by 2025 and continue to contribute to the local economy,” he said. “I will continue to invest in good jobs and contribute to the economic development of Korea.”
It said that it will continue to invest in the future, including distribution centers. Coupang said, “We have planned to establish 7 full-filment centers, including those affected by the local economy due to Corona 19,” said Coupang. “Additional full-filment centers have been built to create more jobs and strengthen the local economy. I plan to do it.”
Meanwhile, Coupang submits a report for listing Class A stocks on the New York Stock Exchange (NYSE) in the United States and proceeds with the listing process in earnest. The stock code is CPNG, and the amount of recruitment or listing size has not been disclosed.
Jeong Hee-young, Money Today Broadcasting MTN reporter
