Chairman Kim Beom-seok Resigns from Coupang Board Chairmanship and Registered Director Position to Focus on Global Management

Focusing on Global Management with NYSE Listing and Overseas Expansion
Appointing Additional Directors Specialized in Tech and Industrial Safety... Strengthening Domestic Management Expertise

Coupang Chairman Kim Beom-seok

[Asia Economy Reporter Kim Cheol-hyun] Following Coupang's listing on the New York Stock Exchange and its overseas expansion, Chairman Kim Beom-seok has decided to focus on global management. Coupang announced on the 17th that Chairman Kim has resigned from his positions as Chairman of the Coupang Board and registered director to dedicate himself to this effort.

On the 11th, Coupang held a shareholders' meeting and appointed Jeon Jun-hee, Vice President of Development, and Yoo In-jong, Vice President of Safety Management, as new registered directors to further strengthen expertise in each field. The position of Board Chairman will be taken over by CEO Kang Han-seung, who will continue efforts in regional investment and employment expansion as well as existing innovative services.

Newly appointed Vice President Jeon will accelerate technology development, which is Coupang's core competitive advantage, while Vice President Yoo will strengthen worker safety policies represented by Coupang Care.

Vice President Jeon is a software engineer who has worked at global IT companies such as Google and Uber and currently oversees the development of Rocket Delivery. Vice President Yoo is an industrial safety expert who became the first executive from the safety management field at Samsung Group and currently oversees Coupang's safety management and policies.

With the addition of new directors to the existing dual CEO system of Kang Han-seung and Park Dae-jun, Coupang's board is expected to further enhance its expertise in each sector.

Chairman Kim Beom-seok, who recently led Coupang's entry into Japan, will focus on his roles as CEO and Board Chairman of Coupang Inc., the New York-listed entity, dedicating his efforts to global expansion.

Kang Han-seung, the newly appointed Chairman of Coupang's Board, stated, "Over the past 10 years, Coupang has created customer experiences through innovative services such as Rocket Delivery and Dawn Delivery, which did not exist before, and has set new standards for working conditions in the courier logistics industry through direct employment of delivery personnel. We will continue to provide greater inspiration to customers through more aggressive investment, employment expansion, and service innovation."

This content was produced with the assistance of AI translation services.