‘Listed on the US New York Stock Exchange’, Chairman Kim Bum-seok received 15.8 billion won in annual salary last year.

Coupang Bum-seok Kim, Chairman of the Medical Association/CTO, Tuan Pam

While Coupang announced the news of its listing on the New York Stock Exchange, last year’s performance and salaries of key executives were announced.

According to a listing application file submitted by Coupang to the U.S. Securities and Exchange Commission on the 12th (local time), Coupang’s sales last year reached $1.97 billion (about 13.25 trillion won), up 91% from 2019. It has proven to be the largest beneficiary of Corona 19.

At the same time, the size of the deficit was $474.90 million (about 525.7 billion won), down by 150 billion won from the previous year. In the fourth quarter of last year, the number of users who had purchased a product at Coupang at least once was 14.8 million, which was about 30.8% of the Korean Internet shopping population (estimated about 48 million).

Coupang founder Kim Beom-seok, chairman of the board of directors, was found to have received a total of $14,412,29 (equivalent to 15.8 billion won), including an annual salary of 886,000 dollars (approximately 980 million won) and a stock-type bonus last year.

Tuan Pam, the Chief Technology Officer (CTO), who was hired last year, received a total of $27.46 million (about 30.5 billion won), including a stock bonus equivalent to $27.43 million.

Coupang gave Chairman Kim Bum-seok a differential voting stock with 29 votes per share. Currently, Chairman Kim’s share of Coupang has not been disclosed. Born in Seoul in 1978, Chairman Kim is a 1.5-year-old American citizen.

Kim Im-soo Editor: [email protected]


Source: HuffPost South Korea – Athena by www.huffingtonpost.kr.

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