Kakao founder Kim under FTC investigation
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Antitrust body takes aim at Kakao s taxi-hailing app, Coupang
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Posted : 2021-04-29 16:42
Updated : 2021-04-30 08:44
Coupang founder and Chairman Kim Bom-suk poses after Korea s e-commerce giant was listed on New York Stock Exchange in March. Korea Times file
By Yi Whan-woo
The Fair Trade Commission (FTC) announced Thursday it added Coupang to its new chaebol watch list but that Kim Bom-suk, the founder and chairman of the Korean e-commence giant, was not named as the company chief due to his nationality.
This means that Coupang faces stricter filing regulations, such as disclosing detailed information on management and business activities, but Korean American Kim and his family will avoid those regulations as well as accountability for any violations or scrutiny of his personal financial deals.