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