Tag: Coupang

Coupang

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Fair trade watchdog slaps Coupang with 500 million won for misleading ads

The FTC gave the e-commerce giant the maximum penalty allowable under law for misrepresenting the benefits that Coupang Wow membership would provide.

2026.6.9

Coupang Inc. Chairman Kim Bom, left, poses for a photo with Donald Trump Jr. during a reception in Washington on Jan. 19. [YONHAP]

Stalled South Korea, U.S. security talks move toward restart with under secretary visit on horizon

Stalled South Korea-U.S. security talks are moving toward a restart an upcoming Tuesday's visit to South Korea by a government-wide U.S. security delegation led by Under Secretary of State for Political Affairs Allison Hooker.

2026.5.30

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Fair Trade Commission Chairman Ju Biung-ghi speaks to reporters during a briefing in Sejong on May 27. [YONHAP]

Antitrust watchdog chief hints at referring Coupang chair on criminal charges

Fair Trade Commission Chairman Ju Biung-ghi signaled that the agency may refer Coupang chairman Bom Kim to prosecutors on criminal charges over allegations that the e-commerce giant submitted false documents to avoid designation as a conglomerate.

2026.5.27

Kevin Warsh, the incoming chair of the U.S. Federal Reserve, testifies before a U.S. Senate Banking Committee confirmation hearing on Capitol Hill in Washington on April 21. [REUTERS/YONHAP]

Incoming U.S. Federal Reserve Chair Kevin Warsh in process of selling $1.68M worth of Coupang shares

Incoming U.S. Federal Reserve Chair Kevin Warsh is selling his shares in the Korean e-commerce giant Coupang before taking office, according to a disclosure posted by the U.S. Securities and Exchange Commission on Friday.

2026.5.18

Bom Kim, CEO of e-commerce retailer Coupang, speaks at a warehouse in Seoul on June 21, 2018. [REUTERS/YONHAP]

Court suspends FTC's designation of Coupang founder as 'same person'

A court has suspended Korea's antitrust watchdog's designation of the founder of e-commerce giant Coupang as the company's de facto controlling entity, legal sources said Friday.

2026.5.16

The headquarters of e-commerce platform Coupang in Songpa District, southern Seoul [YONHAP]

PIPC concludes probe into Coupang data leak, to decide penalty as early as June

Korea's data protection watchdog has concluded its probe into a massive data leak at e-commerce giant Coupang, with its final decision on the level of punishment expected to be made next month at the earliest, sources said on Tuesday.

2026.5.12

Bom Kim, chairman of the board of Coupang [COUPANG]

Coupang files lawsuit against FTC ruling designating Bom Kim as controlling entity

Coupang, the Korean unit of U.S.-listed e-commerce giant Coupang Inc., has filed a lawsuit against a decision by the country's antitrust watchdog designating founder Bom Kim as the company's de facto controlling entity, officials said Monday.

2026.5.11

The office of Coupang in Songpa District in southern Seoul on May 6 [NEWS1]

Seoul tells U.S. Republicans Coupang probe is 'nondiscriminatory and fair'

The Korean government wrote a reply to U.S. Republican lawmakers who claimed that Korea was mistreating the U.S.-listed e-commerce company Coupang, contending that Seoul is, in fact, conducting only "a nondiscriminatory and fair" investigation.

2026.5.6

Antitrust regulator designates Bom Kim as Coupang's 'controlling entity' in regulatory reversal

Korea's antitrust regulator designated Coupang Inc. CEO Bom Kim as the local controlling entity of the beleaguered e-commerce platform Coupang on Wednesday, a move that could place the Korean American business owner in tighter regulatory shackles.

2026.4.29

President Lee Jae Myung, second from right, speaks during a luncheon with 21 minor party and independent lawmakers at the Blue House in central Seoul on April 29. [YONHAP]

Lee urges against 'self-destruction behavior' in diplomacy at luncheon with lawmakers

President Lee Jae Myung called for bipartisan cooperation in diplomatic and security matters, urging against "self-destruction behavior" as he spoke to independent and minor party lawmakers on Wednesday.