Plug antitrust loopholes
Plug antitrust loopholes Excluding Coupang owner from watchlist gives preference to foreigners The Korea Fair Trade Commission (KFTC) designated Coupang last Thursday as a large business group with assets of 5 trillion won ($4.48 billion) or more. However, the antitrust watchdog did not name Kim Bom-suk, the founder and chairman of the e-commerce giant, as the group's head because he has U.S. citizenship. Accordingly, Kim, who has a 10.2-percent equity stake in his group and 76.7 percent of the voting rights, is free from the obligation of disclosing his financial transactions with his fami...
Source: koreatimes.co.kr