Coupang Sues to Cancel Bom Kim Same-Person Designation by FTC

Coupang has filed an administrative lawsuit asking a court to cancel the Fair Trade Commission’s decision designating founder Bom Kim, chair of Coupang Inc.’s board, as the company’s same person. According to the legal community on May 11, Coupang brought the case against the FTC to challenge the designation. The same-person concept refers to the person deemed to effectively control a business group and is tied to the FTC’s oversight of large corporate groups. This is drawing attention as the first lawsuit contesting an FTC same-person designation. The key issue ahead is how the court will assess the legality of the FTC’s decision. Source: mk.co.kr