The Fair Trade Commission Chair, Han Ki-jeong, revealed the list of major conglomerates and their respective chiefs designated for this year at the government complex in Sejong. Coupang's founder and CEO, Kim Bom, was not included in the list, marking the fourth time since 2021 that Coupang has been recognized as a large conglomerate. The Korean Fair Trade Commission announced an updated list of 88 large conglomerates for this year, all subject to disclosure of activities and rigorous monitoring. The designation decision was based on an amendment to the Monopoly Regulation and Fair Trade Act. Coupang's exclusion from the list comes despite its significant assets and presence in the market. The revision aims to ensure that conglomerates and their chiefs are not exempted without clear standards, imposing specific conditions to prevent private fraudulence. The revised law is seen as a step towards a more efficient and equitable solution in today's corporate landscape, and it is expected to alleviate concerns regarding future foreign investment attractions following the FTC's decision. Coupang's position in consolidated assets for this year rose significantly, marking a prominent ascent from the previous year.