Search results for Bom Kim
Games & Commerce
Coupang posts operating loss of 354.5 billion won in Q1, first single-digit revenue growth since IPO
Coupang Inc posted an operating loss of 354.5 billion won in the first quarter, swinging into the red as customer compensation tied to a personal data incident and temporary logistics network inefficiency weighed on profitability. Revenue rose 8% to 12.46 trillion won, marking the first single-digit quarterly growth rate since its New York listing. Active customers fell 700,000 from the previous quarter to 23.9 million.
Industry
Coupang board draws attention after Trump taps its outside director as next Fed chair
Coupang’s board is in the spotlight after U.S. President Donald Trump nominated outside director Kevin Warsh as the next Federal Reserve chair. The company told the SEC its board has eight members spanning U.S. politics, finance and Silicon Valley. Warsh holds 444,126 Coupang shares and receives RSUs. Green Oaks founder Neil Mehta is a long-serving director, while Green Oaks has filed an investment dispute notice against South Korea.
Games & Commerce
FTC launches another onsite inspection at Coupang HQ over personal data leak, PB fair trade concerns
South Korea’s Fair Trade Commission has restarted an onsite inspection of Coupang, dispatching investigators to the e-commerce company’s headquarters in Seoul. Officials from multiple FTC departments are participating. The agency previously inspected Coupang last month over a personal data leak and controversy over membership withdrawal procedures. Investigators are also reviewing whether Coupang Inc Chairman Bom Kim should be designated as the controlling shareholder and probing alleged unfair trade practices involving private-brand products.
