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Photo = Coupang |
[Alpha Biz= Paul Lee] Benjamin Sun, an early investor in Coupang and board member of Coupang Inc., the company’s U.S. parent since 2010, has recently sold a portion of his shares to realize cash gains.
According to a U.S. Securities and Exchange Commission (SEC) filing on May 29, Sun sold 200,000 Class A common shares on May 28 at a price of $28.33 per share, raising approximately $5.67 million (about 7.8 billion KRW).
Earlier this year, he had sold 250,000 shares on March 17 and another 200,000 shares on May 8, collectively cashing out roughly $11.05 million (about 15.2 billion KRW).
This move comes amid a broader trend of stock sales by Coupang’s executive team. On May 8, several senior executives, including Pranam Kolari, Vice President of Search & Recommendations, Jonathan D. Lee, Chief Accounting Officer (CAO), and Han-Seung Kang, former Coupang CEO responsible for North American business development, also sold part of their holdings.
Coupang founder and Chairman Bom Kim similarly sold shares worth approximately 500 billion KRW following the company’s 2021 initial public offering on the New York Stock Exchange.
Despite these stock sales, Coupang Inc. reported record quarterly revenue in Q1 2025, maintaining over 20% year-on-year growth. The company continues to dominate the domestic market amid sluggish local demand and intensifying e-commerce competition, while its global business also shows strong performance, according to market analysts.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
