Coupang Market Cap Collapse; steep down to 5% decline ratio

[Green Economy Daily = Han Soon Gu, Cho Chang Woo] Stock price chopped off by idle personal data management seems to be still in danger with swinging about 4% decreasing rate; finally reached to 5.38% decline rate on the market closed.

According to financial sources, about 5% plunge rate means a ‘collapse’ on stock price. In line with the decline ratio, Bum Seok Kim, the CEO of Coupang should take loss about 230 million dollars while Softbank should about 406 million dollars.

“There should be a serious concern on South Korean ‘Punishment on Severe Loss’ act, which Coupang might reserve.”, said an expert on South Korean policy. There will be a meeting dealing with the matter at National Assembly in South Korea.