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He built an $8.9 billion fortune. Then the controversies began.

Business Aug 23, 2021

He built an $8.9 billion fortune. Then the controversies began.

by Yoojung Lee and Sohee Kim

Bom Kim became the poster child of a new kind of wealth generation in South Korea with Coupang Inc., but the firm is now facing criticism over working conditions.

SoftBank Vision Fund profit nears $30 billion on Coupang

Business / Corporate Apr 16, 2021

SoftBank Vision Fund profit nears $30 billion on Coupang

by Pavel Alpeyev

Coupang’s $4.6 billion offering was the second biggest this year and marks SoftBank’s best return since Alibaba Group Holding Ltd.’s listing in 2014.

SoftBank-backed Coupang sees strong debut after major U.S. IPO

Business / Corporate Mar 12, 2021

SoftBank-backed Coupang sees strong debut after major U.S. IPO

by Crystal Tse, Julia Fioretti and Katie Roof

South Korean e-commerce giant Coupang Inc. rose 41% in its trading debut after delivering the biggest U.S. initial public offering since Uber Technologies Inc.

SoftBank poised to reap $16 billion profit as Coupang boosts IPO

Business / Corporate Mar 10, 2021

SoftBank poised to reap $16 billion profit as Coupang boosts IPO

by Pavel Alpeyev

If Coupang succeeds in its public debut, SoftBank’s windfall could exceed the $11 billion it reported from DoorDash Inc.’s December IPO.

South Korea coronavirus cases jump to highest since early April

Asia Pacific May 28, 2020

South Korea coronavirus cases jump to highest since early April

South Korea reported 79 new coronavirus cases on Thursday, the most since April 5 and the third straight day of rising infections, raising the specter of a second wave of the disease in a country widely praised for containing the initial outbreak. Health Minister Park ...

SoftBank to invest $2 billion in Coupang, S. Korea's largest online retailer

Business Nov 22, 2018

SoftBank to invest $2 billion in Coupang, S. Korea's largest online retailer

SoftBank Group Corp.'s Vision Fund will invest $2 billion in South Korea's Coupang, giving the e-commerce giant funds to accelerate development of new shopping and delivery services. Founded in 2010, Coupang is South Korea's largest online retailer and sells more than 120 million items from ...

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