![\"Kim](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260506.993b0e619edc458a844f28cf73390372_P1.jpeg\"\/ "\\"Coupang")
Kim Bom-suk, chairman of the board of Coupang Inc. Yonhap News<\/p>\nKim Bom-suk, chairman of the board of Coupang Inc. Yonhap News<\/p>\n
Coupang Inc. (CPNG), the parent company of Coupang, said it is “reviewing and fulfilling all obligations that Coupang must bear” after its Executive Chairman Bom Kim was designated as the controlling shareholder (chongsu) of the Korean e-commerce group.<\/p>\n
“We understand that the designation has been made in Korea,” Gaurav Anand, Coupang’s Chief Financial Officer, said during the company’s first-quarter earnings conference call Tuesday. “We are currently reviewing this closely.”<\/p>\n
Anand added that “Coupang maintains its unwavering commitment to complying with all relevant regulatory requirements in every jurisdiction where it operates business,” and said the company is “in continuous communication with regulatory authorities.”<\/p>\n
Earlier, the Fair Trade Commission (FTC) changed Coupang’s controlling shareholder designation from the Coupang corporate entity to Chairman Kim as a natural person. This marks the first such change since Coupang was designated as a public disclosure-required business group with total assets of more than 5 trillion won in 2021.<\/p>\n
The FTC determined that Kim Yu-seok, Chairman Kim’s younger brother, is effectively participating in Coupang’s management, taking the case outside the exceptional conditions under which a corporate entity rather than a natural person may be designated as the controlling shareholder.<\/p>\n
![\"Yonhap](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260506.689deb29377246f78f777ece091b2223_P1.png\"\/ "\\"Coupang")
Yonhap News<\/p>\n
In particular, the FTC found that Kim Yu-seok hosted hundreds of regular and ad hoc meetings on logistics and delivery policies, invited executives including the chief executive of Coupang Logistics Services (CLS) to review weekly performance, and discussed improvement measures such as volume expansion and delivery policy changes.<\/p>\n
Coupang Inc., the parent company of Coupang, recorded an operating loss of around 350 billion won in the first quarter. The sharp deterioration in profitability is attributed to compensation costs related to the large-scale personal data breach that occurred in the fourth quarter of last year being reflected in the results.<\/p>\n
According to the first-quarter consolidated earnings report that Coupang Inc. submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday local time, first-quarter revenue came in at $8.504 billion (12.46 trillion won), up 8% from a year earlier. However, the figure was down from $8.835 billion in the previous quarter.<\/p>\n
Profitability fell sharply. The first-quarter operating loss stood at $242 million (354.5 billion won), reversing from a $154 million (233.7 billion won) profit in the first quarter of last year. Net loss also reached $266 million (389.7 billion won), swinging to a loss. The result not only broke the double-digit quarterly growth streak that had continued since the company’s listing, but also marked the largest loss since the fourth quarter of 2021.<\/p>\n
Business segments showed mixed results. Revenue from Product Commerce, the core business including Rocket Delivery, grew just 4% year-on-year to $7.176 billion. Active customers fell to 23.9 million, down 700,000 from 24.6 million in the previous quarter, signaling customer attrition. In contrast, revenue from Developing Offerings, including Taiwan Rocket Delivery, Farfetch and Coupang Eats, rose 28% to $1.328 billion.<\/p>\n
Industry observers interpret the earnings shock as reflecting compensation costs following the personal data breach that occurred last November and expanded investment in new businesses. At the time, Coupang announced a customer compensation program offering purchase vouchers worth approximately $1.2 billion (about 1.685 trillion won). The vouchers are structured to be deducted from revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"Kim Bom-suk, chairman of the board of Coupang Inc. Yonhap News Coupang Inc. (CPNG), the parent company of…\n","protected":false},"author":2,"featured_media":4737,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[381],"tags":[4099,4105,426,608,3642,4104,604,1988,462,441],"class_list":{"0":"post-4736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-coupang","8":"tag-bom-kim","9":"tag-controlling-shareholder-designation","10":"tag-coupang","11":"tag-coupang-eats","12":"tag-coupang-inc","13":"tag-data-breach","14":"tag-fair-trade-commission","15":"tag-operating-loss","16":"tag-q1-earnings","17":"tag-rocket-delivery"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/4736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=4736"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/4736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/4737"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=4736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=4736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=4736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}