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The “Amazon of South Korea” is worth billions, facing accusations of employees being worked to death

What’s a few bodies on the path to a billion-dollar valuation?

The BBC:

South Korean e-commerce giant Coupang listed its shares on the New York Stock Exchange on Thursday making a multi-billionaire out of its founder Bom Kim.

Coupang’s US listing is the biggest by an Asian company since Alibaba in 2014. [It’s] share price rose 41% in its trading debut, which was the biggest US initial public offering (IPO) since Uber in 2019. Coupang is often referred to as the Amazon of South Korea.

[…]

Despite the company’s popularity, it has faced scrutiny after reports of several deaths among delivery and logistics employees who were allegedly overworked.

Sounds like they’re following the Amazon model to a tee.

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