Coupang (CPNG) CEO and Chairman Bom Kim failed to appear before a parliamentary hearing in Seoul on Wednesday over the company”s recent data breach, Reuters’ Hyunjoo Jin and Heekyong Yang report. The executive, who cited his overseas residence and commitments as head of a global company operating in more than 170 countries for his failure to attend the hearing, is now facing a legal complaint over his absence.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPNG:
- Coupang put volume heavy and directionally bearish
- Coupang price target lowered to $31 from $35 at Morgan Stanley
- Coupang’s Resilience and Growth Prospects Amid Regulatory Challenges: A Buy Recommendation
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Midday Fly By: SK Hynix weighs U.S. listing, GE Vernova doubles dividend