Coupang Corp. announced that it will issue 9,595 common shares of par value KRW 50,000 per share, at an issue price of KRW 50,000,000 per share for gross proceeds of KRW 479,750,000,000 on February 22, 2022. The company will issue securities through shareholder allocation increase method to returning investor Coupang, Inc. which will continue to hold 100% stake in the company.

The transaction was approved by the board of directors of the company, and is expected to close on February 25, 2022.