Court presses FTC on Coupang founder designation

A Seoul court has demanded that the Fair Trade Commission clarify the reason behind its decision to designate Coupang founder Bom Kim as the firm’s controlling figure, or “same person.” The Seoul High Court questioned the basis of the FTC’s changed stance on Kim after its on-site inspection of Coupang during a hearing on Tuesday, asking the FTC to provide clear grounds on how the antitrust regulators confirmed that Kim’s younger brother, Kim Yoo-seok, a Coupang vice president, took part in Coupa

By The Korea Herald