Coupang Establishes New Financial Consulting Subsidiary... Entering Specialized Credit Finance Industry?
[Asia Economy Reporter Lim Chun-han] Coupang is reportedly preparing to enter the credit finance business by establishing a new corporation.
According to industry sources on the 11th, Coupang established a subsidiary of Coupang Pay called CFC Preparation Corporation earlier this year. The corporation's representative is Shinwon, Vice President of Coupang CPLB, and the business purposes registered for CFC Preparation Corporation include management consulting, other investment businesses, and real estate leasing.
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Although specific business directions have not yet been disclosed, Coupang is expected to develop a capital business through the new corporation. There are also expectations that it will take the form of providing loan services to partner merchants, similar to Naver Financial. Coupang also filed a trademark application for Coupang Financial in 2019.
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