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Coupang, a domestic online shopping mall company, has submitted a notification form for listing on the New York Stock Exchange.



Coupang's corporate value is highly anticipated to be worth more than 55 trillion won in our money. Reporter Jang Hoon-kyung looked into the reason why Coupang chose to list in the US rather than the domestic stock market.



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Coupang submitted a report for listing on the New York Stock Exchange yesterday (12th) local time in the United States.



It is known that high-tech companies in the US have been promoting listing on the NASDAQ instead of the domestic stock market, and the final choice was the New York Stock Exchange.



A researcher at a securities firm analyzed, "Attempting to list on the New York Stock Exchange, which has relatively more demanding listing requirements than the NASDAQ, is an expression of confidence that erases the financial mistrust of the market."



In fact, in the listing declaration, Coupang emphasized that last year's sales rose to 13,250 billion won, almost twice that of a year ago, and that the operating deficit was decreasing rapidly every year to 580 billion won last year.



In addition, if it is listed on the New York Stock Exchange, the founder, Chairman Kim Bum-seok, will be recognized for differential voting rights that do not exist in Korea.



Class B common stock owned only by Chairman Kim has 29 votes per share, so holding only 2% of the shares can exercise 58% of the voting rights.



It is known that Coupang plans to raise more than $1 billion and KRW 1.1 trillion in Korean money through this listing.



The Wall Street Journal of the United States said that it is the largest public offering since China's Alibaba Group, which was listed on the New York Stock Exchange in 2014, and said that there is an expectation that Coupang's corporate value will be more than 55 trillion won in our money.



However, some experts pointed out that the deficit of several trillion won has been accumulated, and that there are several problems to be solved even after listing, such as labor problems such as overwork.



(Video editing: Seungyeol Lee)