"Coupang has invested "billions of dollars ... over the past seven years to build an unrivaled network that integrates technology, fulfillment and last-mile logistics," founder and Chief Executive Bom Kim said in a statement. "
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"Coupang, led by Harvard Business School dropout Bom Kim and backed by Japan's SoftBank Group Corp., pulled off a blockbuster initial public offering in New York a year ago, with shares soaring more than 40% in a matter of days. "
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"We've seen improvements and we don't think at this moment this is a structural or permanent constraint," Chief Executive Officer Bom Kim said during a conference call after the earnings were released."
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"Bom Kim amassed a fortune at Coupang Inc., the Amazon of South Korea, that reached as much as $8.9 billion, and became the poster child of a new kind of wealth generation in the country: self-made riches from the technology world instead of the dynastic hoards of decades-old conglomerates."
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"We'll test things that we've done before, we'll test things we haven't done before," said Chief Executive Officer Bom Kim about Coupang's international expansion. "
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"Coupang's valuation is now about $87 billion giving founder Bom Kim a stake worth more than $8 billion."
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"This is one of the largest, if not this is certainly the largest capital raised by a tech company out of Korea," Coupang CEO Bom Kim told Insider shortly before shares began trading on Thursday. "
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"Coupang was founded in 2010 by Chief Executive Officer Bom Kim and was said to be valued at $9 billion in late 2018. "
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