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Coupang founder drops all South Korean posts to focus on global push

Kim Bom-suk plans to expand abroad using funds raised by Wall St. debut

Kim Bom-suk, founder of South Korean e-commerce group Coupang, stands outside the New York Stock Exchange in March. (AP via Kyodo)

SEOUL -- The founder of leading South Korean e-tailer Coupang has stepped down from all positions at the group's domestic unit, as he focuses on the international segment.

Kim Bom-suk resigned as board chairman and registered director of Coupang Korea effective May 31. He has been replaced by Kang Han-seung, who is serving double duty as the company's president.

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