김범석 쿠팡 의장. (사진=쿠팡)

[Alpha Biz= Reporter Kim Sangjin] Bom-seok Kim, Chairman of the Board of Coupang, has completed the sale of his Coupang shares, securing approximately 480 billion KRW in cash.

According to Coupang, which is listed on the New York Stock Exchange, Kim converted 15 million Class B common shares into Class A common shares on the 11th and sold them. Additionally, he donated 2 million shares to a charity fund.

The purpose of the sale, as stated in the securities filing, is to fulfill "important financial obligations, including tax payments."

This marks Kim’s first sale of Coupang shares since the company went public on the New York Stock Exchange in March 2021.

 

 

 

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