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Market Chatter: South Korean Court Postpones Watchdog Ruling on Coupang's Controlling Entity

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The Seoul High Court has postponed a Fair Trade Commission (FTC) ruling that names e-commerce company Coupang's founder, Kim Bom, as the controlling entity, Reuters reported on Tuesday, citing a court filing.

The court suspension will last 30 days after a ruling in the main lawsuit, the report said.

Both Coupang and Kim filed for the injunction against the April FTC decision, which placed the Korean-American founder as the group's "same person" instead of Coupang, according to the report.

The designation requires the US-listed company to release additional disclosures, the report said.

Coupang did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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