Bom Kim

Though still in early days, luxury fashion marketplace Farfetch seems to have found a good home at Coupang under leadership of founder and CEO Bom Kim.

The combined wealth of the tycoons on the 2022 Forbes list of Korea’s 50 richest declined by 17% to US$130 billion, from $156 billion in 2021.

This year’s Forbes Korea Rich List saw a record number of 46 billionaires and collective wealth of the 50 richest rose by over 40% to US$156 billion, up from $110.8 billion previously.

Bom Kim, who founded the e-commerce giant Coupang, was the biggest gainer on this year’s list of Korea’s richest. His net worth jumped to $6.4 billion after the company went public on the NYSE in March.

The collective wealth of the 50 richest people in South Korea surged by over 40% to $156 billion, boosted by the country’s upbeat stock market and optimism over its economic recovery.

The hedge fund manager was an early investor in the South Korean e-commerce firm Coupang, which had an explosive IPO last week.

Clay Christensen's low-profile family firm and a history-making woman investor at SoftBank are among the big winners of South Korea’s answer to Amazon.

Korean e-commerce giant Coupang’s shares surged on its New York Stock Exchange listing Thursday. The stock opened at $63.50, far exceeding its IPO price of $35 per share and valuing Coupang at a staggering $109 billion.

Coupang, long regarded as Korea’s answer to Amazon, announced plans this week for an initial public offering in New York that could raise as much as $3.6 billion and value the company between $46 billion to $51 billion, marking what could be the largest U.S. offering to list this year.

Coupang’s IPO would make it the largest U.S. listing by a foreign company since Alibaba’s $25 billion blockbuster IPO in 2014.

Coupang’s IPO would be the largest listing in New York by a company based outside the U.S. since Alibaba’s blockbuster debut in 2014.

South Korea’s largest online retailer, Coupang, has hired Alberto Fornaro as its new CFO.

Coupang raises its biggest funding round of $2 billion from Softbank's Vision Fund, making its 40-year-old founder a billionaire.

From Facebook's Mark Zuckerberg and Amazon's Jeff Bezos to lesser-known innovators like Osman Kibar and Bom Kim, the Forbes Global Game Changers are reinventing how business gets done in every industry and around the world.

Coupang's Bom Kim leads big crop of rising stars closing in on list of South Korea's richest people

Harvard-schooled Bom Kim built a huge hit cloning the daily deal model for the Korean market. Now what?