Hong Nam-ki “The splendid achievement of’Coupang’s listing in the United States’…to strengthen the ecosystem of ventures and startups”

Hong Nam-ki Deputy Prime Minister of Economy and Minister of Strategy and Finance [이미지출처=연합뉴스]

Hong Nam-ki Deputy Prime Minister of Economy and Minister of Strategy and Finance [이미지출처=연합뉴스]

[아시아경제 손선희 기자] Regarding the news that Korea’s largest online shopping company’Coupang’ is promoting listing on the US stock market, Nam-ki Hong, Deputy Prime Minister of the Economy and Minister of Strategy and Finance, said on the 14th, “A feat of a Korean unicorn (corporate value of over $1 billion). As the importance is being emphasized more than ever in the past, the government will continue to do its utmost to strengthen the venture and start-up ecosystem.”

Deputy Prime Minister Hong wrote through his social network service (SNS) on the same day, saying, “With this promotion of Coupang’s listing on the US stock market, we are once again reminding the importance of activating venture investment.” Coupang recently submitted a report to the US Securities and Exchange Commission (SEC) for listing on the New York Stock Exchange (NYSE).

Deputy Prime Minister Hong said, “If Coupang is listed on the US stock market, it is meaningful in that Korea’s unicorn companies have been recognized for their global competitiveness,” he said. “The growth potential of Korean unicorn companies and non-face-to-face industries is recognized internationally.” Was given. In fact, major U.S. media outlets predict that this Coupang listing will be the largest IPO since listing on Alibaba in 2014, with a market value of up to $50 billion (about 55 trillion won).

Deputy Prime Minister Hong said, “Venture companies have grown to lead the growth of the Korean economy to a level comparable to those of traditional conglomerates in various aspects such as employment and sales,” and said, “The government has also expanded financial and financial support, and venture capital of general holding companies (CVC ) We have supported the growth of venture companies through system maintenance such as limited ownership and promotion of the introduction of multiple voting rights,” he said.

He said, “We must not forget the importance of the’Go Global’ paradigm that expands our view to the global market.” Deputy Prime Minister Hong said, “Especially after Corona 19, the expansion of the non-face-to-face industry will be an opportunity to break down the barriers of the border.” “The government is helping large companies as well as competitive SMEs and venture companies to explore new markets abroad. We will continue to strengthen our support for expanding expansion,” he emphasized.


Sejong = Reporter Son Sun-hee [email protected]


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