Coupang Founder Beom Kim Accused of Prioritizing US Citizenship Over South Korean Responsibilities

Coupang founder Beom Kim, a Korean-American, listed the e-commerce company on Nasdaq in 2021, raising $4.55 billion. However, when sensitive user information was leaked, Kim was not present at a hearing in South Korea due to his US citizenship and lack of registered directorship. Critics question Kim's Korean heritage and the company's listing in the US rather than South Korea, where it earns all its revenue. Coupang has avoided corporate tax for ten years and Kim holds significant voting power through his Class B shares, despite owning only 8.8% of shares in the US parent company.