Kim & Chang advised Coupang, Inc. in the US and Coupang Corp. in Korea in connection with the initial public offering (“IPO”) of Coupang, Inc. by way of the listing of its Class A common shares on the New York Stock Exchange.  Coupang, Inc. owns 100% of Coupang Corp., its operating subsidiary engaged in e-commerce in Korea (hereinafter collectively referred to as “Coupang”).

As one of the largest e-commerce companies in Korea, Coupang recorded a market capitalization of USD 84 billion at its listing day’s closing.  Coupang IPO was the largest IPO in the US by a foreign company since Alibaba Group in 2014.

Successfully performing the role of Coupang’s legal advisor for the IPO, we provided a comprehensive range of services concerning Korean laws, including (i) advice regarding Coupang’s compliance with the applicable public offering laws and regulations of Korea (to ensure that the IPO is not inadvertently deemed as an offering in Korea), (ii) review of Coupang’s Korean operation-related laws and regulations disclosed in the US registration statement (Form S-1), and (iii) other general Korean legal advice relating to the IPO, including with respect to the company’s press releases, materials uploaded on its website and other company documents.