Kim Beomseok (Korean: 김범석; born October 7, 1978), known professionally in the West as Bom Kim, is an American businessman of South Korean origin, who is the founder and chief executive officer (CEO) of Coupang, the largest e-commerce company in South Korea.[2][3] In 2018, when SoftBank Vision Fund invested US$2 billion in Coupang, valuing the company at $9 billion, Kim became the second-youngest billionaire in South Korea at the age of 40. As of November 2024, Kim has an estimated net worth of $4.3 billion.[4]
Bom Kim | |
|---|---|
김범석 | |
 | |
| Born | October 7, 1978[1] Seoul, South Korea |
| Nationality | American |
| Alma mater | Harvard University (BA) |
| Title | Founder & CEO of Coupang |
| Children | 1 |
| Korean name | |
| Hangul | 김범석 |
| Revised Romanization | Gim Beomseok |
| McCune–Reischauer | Kim Pŏmsŏk |
Early life
editKim was born in Seoul, South Korea on October 7, 1978. At his age of 7, he and his family moved to the United States.[5] He went to Deerfield Academy, a boarding school in Massachusetts, where he was on the varsity wrestling and track teams.[6] He graduated from Harvard College with a bachelor's degree,[7] and attended Harvard Business School, dropping out in his second semester.[4]
Kim interned at The New Republic, started a student magazine, Current, and worked briefly at Boston Consulting Group prior to founding the magazine 02138, named for Harvard's ZIP Code. He raised $4 million to fund 02138 and started Coupang after it folded.[7][8]
Coupang
edit
Kim founded Coupang in 2010 and has since gone on to raise more than $3.8 billion in venture capital from investors including Sequoia Capital, Softbank, and BlackRock.[9][10]
It began as a Groupon-like website and now operates as an online retailer with a logistics service called Rocket Delivery. It was reported in 2018 that Coupang would gross 2.7 trillion won in annual sales and lost 1.7 trillion won between 2015 and 2017 and maintains over 3.5 million daily active users as of 2019.[11]
The company employs over 40,000 people with offices in Seoul, Shanghai, Beijing, Los Angeles, Seattle and Silicon Valley.[12]
Personal life
editKim is married, with one child, and lives in Seoul, South Korea.[4]
References
edit- ^ 김범석. www.businesspost.co.kr. Retrieved 14 December 2019.
- ^ Palmer, Annie (2020-06-16). "Coupang, a SoftBank-backed start-up, is crushing Amazon to become South Korea's biggest online retailer". CNBC. Retrieved 2020-07-05.
- ^ Chung, Gracs (2018-11-20). "Coupang, Korea's Answer to Amazon, Raises $2 Billion, Mints New Billionaire". Forbes. Retrieved 2021-06-08.
- ^ a b c "Forbes profile: Bom Kim". Forbes. Retrieved November 24, 2024.
- ^ "Coupang: Harvard dropout rockets into mega-billionaire's club". BBC News. 2021-03-12. Retrieved 2023-06-22.
- ^ "South Korea #6: An Exciting Visit with Bom Kim '96, CEO of Coupang". Deerfield Academy.
- ^ a b Mac, Ryan. "Coupang: The $5 Billion Startup Filling Amazon's Void In South Korea". Forbes.
- ^ Green, Dennis. "The CEO of 'the Amazon of South Korea' explains how canceling an IPO at the last minute and pivoting the company twice led it to become the country's top online retailer". Business Insider.
- ^ "Harvard Dropout's Startup Loses Billions in South Korea Battle". Bloomberg.com. 22 May 2018.
- ^ Merced, Michael J. de la (November 20, 2018). "Coupang, South Korean E-Commerce Start-up, Raises $2 Billion From SoftBank". The New York Times.
- ^ Jung-a, Song (January 2019). "Etailers battle to win 'Amazon of South Korea' crown". Financial Times. Retrieved 2023-06-17.
- ^ "Coupang highlights creativity, openness in its new office". The Korea Herald. November 19, 2017.