Just saw this during a lawmaker's questioning at the hearing... This JP Morgan report—JP Morgan isn't exactly an independent entity. They were the lead underwriter for Coupang's NYSE IPO and are one of the top 6 shareholders. If that's the case, wouldn't it be right to say there's a special relationship or a conflict of interest here?
Whoa. Korean media never mentioned this part lol. They just quoted them because they're a famous investment firm.
"Users are calling out the blatant conflict of interest between Coupang and its shareholder JP Morgan, while mocking Coupang's high markups and the 'loyal' investor's bias."
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