Coupang disputes FTC ruling on Bom Kim’s control status

Coupang has filed a lawsuit to overturn the Fair Trade Commission’s decision to designate founder Bom Kim as the firm’s controlling figure, escalating tensions between the US-listed platform giant and Korea’s antitrust regulator. Coupang filed the litigation to overturn the FTC decision with the Seoul High Court and has applied for the suspension of last week's designation. Kim was designated as “same person,” a Korean legal term used to identify the de facto controller of a large business group

By The Korea Herald