Coupang: How a Harvard dropout founded South Korea's most valuable start-up | Make It International

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  • เผยแพร่เมื่อ 14 ม.ค. 2025

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  • @MK-ev4qp
    @MK-ev4qp 5 ปีที่แล้ว +1321

    He graduated from harvard with a bachelors.....he dropped out of the MBA later. Totally different from a harvard dropout...

    • @thunderthrust9273
      @thunderthrust9273 5 ปีที่แล้ว +112

      difference is 1st one will not generate many views

    • @ecaIos
      @ecaIos 5 ปีที่แล้ว +15

      M K did he not drop out of Harvard though

    • @erickim3710
      @erickim3710 5 ปีที่แล้ว +36

      yeah.. honestly this cannot be considered as a drop out.

    • @sngs9565
      @sngs9565 4 ปีที่แล้ว +6

      As usual, the media outlet likes to make hooo haaa with the word 'Dropout'!

    • @robinpol9893
      @robinpol9893 3 ปีที่แล้ว +9

      @@erickim3710 Being successful and rich is about your potentials and hard work and not by education and qualifications.👌

  • @pteranodon6612
    @pteranodon6612 5 ปีที่แล้ว +3513

    Harvard's getting too much credit, most of these people were super smart, talented and well connected to money before they enrolled. They were gonna be successful regardless of attending Harvard.

    • @michaelromero3216
      @michaelromero3216 5 ปีที่แล้ว +88

      Mars Bellator facts

    • @alkureshi
      @alkureshi 5 ปีที่แล้ว +52

      exactly

    • @happios
      @happios 5 ปีที่แล้ว +66

      Mars Bellator exactly. luke Walton had a 20+ game winning streak as an assistant coach. He was then hired as the head coach to lead the Lakers... Guess what ? They couldn't win!
      I could have coached the warriors with the same result.
      Same goes for schools. It's not the teacher, it's the students .

    • @rpylamp8960
      @rpylamp8960 5 ปีที่แล้ว +186

      Well, having enrolled in harvard help in your resume when you tried to lure investors and doing your business pitch. It adds to your value and increase your credibility thus make everything smoother. Compared that to someone from a college noone ever heard of and no experience, that is jack ma. He ended up has to use his own money and do side work as a fulltime teacher for decades to support his company. Noone want to invest in his business until softbank come around much much later on. No harvard = more hard work, more time. Harvard = take my money

    • @tyakouma1115rie
      @tyakouma1115rie 5 ปีที่แล้ว +14

      Couldn’t agree more. You will find Kim prob comes from well off background

  • @juanderfood4931
    @juanderfood4931 5 ปีที่แล้ว +2227

    Harvard graduate: employee
    Harvard dropout: CEO

    • @arthurg5966
      @arthurg5966 5 ปีที่แล้ว +22

      Steve Ballmer

    • @fallout560
      @fallout560 5 ปีที่แล้ว +50

      yeah but he already had a college education. this was grad school

    • @compoundinterestinsights
      @compoundinterestinsights 5 ปีที่แล้ว +2

      Beep Bop employee

    • @-HolySpiritDove-
      @-HolySpiritDove- 5 ปีที่แล้ว +6

      Saved over $150 000 in today's money
      from finishing that mba too!

    • @Zeon_SpaceX
      @Zeon_SpaceX 5 ปีที่แล้ว +2

      He chose the road less taken

  • @amalendupramanick1875
    @amalendupramanick1875 5 ปีที่แล้ว +2153

    Become Billionaire in two simple steps:
    1) Take admission in Harvard
    2) Drop out
    Congratulations you r now a Billionaire

    • @Timothee_Chalamet_CMBYN
      @Timothee_Chalamet_CMBYN 5 ปีที่แล้ว +32

      Amalendu Pramanick he just copied amazon though

    • @kappamaster7179
      @kappamaster7179 5 ปีที่แล้ว +64

      unfortunately most people fail at the first step

    • @crazyrobin5
      @crazyrobin5 5 ปีที่แล้ว +68

      @@Timothee_Chalamet_CMBYN haha.. Coping too is an art...

    • @GameFuMaster
      @GameFuMaster 5 ปีที่แล้ว +31

      and have the connections to receive funding in the first place.

    • @MRLONG758
      @MRLONG758 5 ปีที่แล้ว +20

      @@GameFuMaster attending Harvard takes care of the connections part

  • @KaiChenoz
    @KaiChenoz 5 ปีที่แล้ว +683

    You need to be smart and study hard enough to get entry into Harvard.
    Then you have to be bold enough to drop out of Harvard and start your business.

    • @catalin90vlad
      @catalin90vlad 5 ปีที่แล้ว +24

      Kai Chen he seems to be from a wealthy family, wonder who paid for all

    • @fitrianhidayat
      @fitrianhidayat 5 ปีที่แล้ว +17

      @@catalin90vlad there are wealthy families who paid extra for "ticket" to Harvard. I'm betting he's not one of those

    • @tiramisu8359
      @tiramisu8359 5 ปีที่แล้ว

      harvard fellow not only smart and study hard. but also physically and mentally OK. basically a complete package of a human. they just impossible to fail in normal situation.

    • @Paco1337
      @Paco1337 5 ปีที่แล้ว +14

      @@catalin90vlad yea I mean from Asia only kids of rich parents can go to US,AUS to collage..

    • @samtube4358
      @samtube4358 5 ปีที่แล้ว +1

      Agreed

  • @truejayoh
    @truejayoh 5 ปีที่แล้ว +30

    The dark side of this company is about the extensive hours of delivery drivers who are sufferring from exhaustion, some ended up dead. The demand to work long hours without rest, poor working environment and loose safety requirements are major issues that needs to be addressed.

  • @golden4730
    @golden4730 5 ปีที่แล้ว +131

    I love this reporter. She's way too happy to just be there

    • @rcc8506
      @rcc8506 5 ปีที่แล้ว +27

      She's hitting on the guy if u notice..

    • @maxcentral
      @maxcentral 5 ปีที่แล้ว +9

      She love the egg roll!

    • @jayquilla1227
      @jayquilla1227 4 ปีที่แล้ว +13

      @Monkooze Tees Who knows, might be larger than yours.

    • @everglades_n_co.
      @everglades_n_co. 4 ปีที่แล้ว +4

      @Monkooze Tees Don't worry, Anywhere she goes, she might find one larger than yours.

    • @Thomas-dq4cn
      @Thomas-dq4cn 3 ปีที่แล้ว +1

      That's just what I also realized haha!

  • @bluecafe509
    @bluecafe509 5 ปีที่แล้ว +407

    So he's an MBA dropout, like, graduate school? He's not exactly a college dropout.

    • @xcvzcxvzcxv3924
      @xcvzcxvzcxv3924 5 ปีที่แล้ว +4

      Yep, definitely different.

    • @AntonioJay1204
      @AntonioJay1204 5 ปีที่แล้ว +1

      Yeah...South Korea's college entrance rate used to be 80%, now little less. Almost everyone gets bachelor's.

    • @alanbumbai
      @alanbumbai 5 ปีที่แล้ว +1

      looks like you got jebaited

    • @andykwon9670
      @andykwon9670 5 ปีที่แล้ว +10

      He got BA from Havard and went to Harvard again for MBA

  • @EngPMgt
    @EngPMgt 5 ปีที่แล้ว +260

    He got undergrad degree, but drop out from grad studies (MBA) 😅 please set your fact straight for young people sake

  • @fabriceizzo2922
    @fabriceizzo2922 5 ปีที่แล้ว +32

    If you have a business idea and attend Harvard (or any prestigious university) the connections you will make through networking in your first year alone could be a game changer.

  • @waqasali9663
    @waqasali9663 5 ปีที่แล้ว +424

    1959 South Korea: 15th poorest Country in the World, poorer than North Korea and most of Africa. The West said Countries such as SK would take 250 years to reach an advanced economy level.
    2019: South Korea 11th biggest economy in the World GDP of 1.73 trillion, that's more than Spain, Australia and Russia, and soon to over take Canada and Italy. SK did it in 50 years.....
    Astonishing

    • @tappingjunkie7819
      @tappingjunkie7819 5 ปีที่แล้ว +51

      It's an economic model called Chaebeol. Only Korea has that model where a bunch of gigantic companies are pooled enough resources to reach international status and thus grow from there.

    • @FRAMEDSKATEKREW69
      @FRAMEDSKATEKREW69 5 ปีที่แล้ว +67

      John Doe it’s called technology and South Korea has been kicking ass

    • @michaellim4165
      @michaellim4165 5 ปีที่แล้ว +122

      @@FRAMEDSKATEKREW69 It's called blood, sweat and tears. And every Korean over the age 50 have contributed to that. It was a "do or die" mentality that propelled the country forward. Companies are made of the individual people who made it happen.

    • @fitrianhidayat
      @fitrianhidayat 5 ปีที่แล้ว +34

      It's K-Pop isn't it

    • @tappingjunkie7819
      @tappingjunkie7819 5 ปีที่แล้ว +2

      @@FRAMEDSKATEKREW69 I'm talking about how they got there. They dont just go from sticks and stones to technology

  • @grindingh2667
    @grindingh2667 3 ปีที่แล้ว +33

    Bon Kim went to one of the most prestigious private schools Deerfield Academy then Harvard Undergraduate before dropping out of HBS. CNBC is not painting the full picture. Going to an elite high school like Deerfield would mean a pretty well-off background. Getting into both Harvard Undergrad and Grad means Bon Kim is pretty good at what he does whether it is academic results or business experiences from internships or jobs.

    • @cm-15
      @cm-15 3 ปีที่แล้ว +5

      So he’s good at what he does. Thats the picture they’re trying to paint.

    • @lioniscoold9420
      @lioniscoold9420 2 ปีที่แล้ว +1

      Yeah, some of Bom's success may be the product of nepotism, but you couldn't say the same for Elon Musk or Jeff Bezos. Not all success in life is left to chance.

  • @funny-video-YouTube-channel
    @funny-video-YouTube-channel 5 ปีที่แล้ว +112

    Looks like running an online market place is profitable.
    Let's see if they can compete with Amazon, which would be good for all of us.

    • @moo76man
      @moo76man 5 ปีที่แล้ว +3

      epSos.de Coupang’s success is applicable to dense urban areas.

    • @JDOGFTW
      @JDOGFTW 4 ปีที่แล้ว +8

      making money is easy. Making a lot of money is a lot harder. There's a difference. once you figure out how and why. You'll be the next JEFF BEZOS.

    • @VisionEliteEmins
      @VisionEliteEmins 4 ปีที่แล้ว +12

      This only works in places like Korea and Japan where the work hours are very long and people are ready to pay premium to get the product at doorsteps plus Korea and Japan are very small in size which helps in delivering orders within one day or even less. But places like India, USA has problems of size. India has other problems too. So I Amazon is making most of its profits from aws and other ventures only not from e-commerce

    • @한시원-b4d
      @한시원-b4d 3 ปีที่แล้ว

      See today's news where it reached

    • @MrMerzi007
      @MrMerzi007 3 ปีที่แล้ว +4

      If it can make you a local billionaire its enough ,

  • @karlteai3699
    @karlteai3699 4 ปีที่แล้ว +16

    Love that guy, his vision and how enthusiast he is about getting things done !

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @seongwono6269
    @seongwono6269 3 ปีที่แล้ว +21

    Coupang is so easy to use as a Korean. Some consumers put small cookies or drinks in front of the door for delivery drivers. And one of the reasons for Coupang's success is that more than 51% of Korean households live in apartments. This is why delivery is relatively convenient. Also, since for who live in apartments, have no objection to leaving a package in front of the door. At least in Korea, Amazon is hard to penetrate in.

    • @georgebrantley776
      @georgebrantley776 2 ปีที่แล้ว +1

      Why can't Amazon do exactly what Coupang does? It seems they are identical in every way except website language.

    • @seongwono6269
      @seongwono6269 2 ปีที่แล้ว +2

      @@georgebrantley776 They could, Coupang was just first mover. Even founder of coupang copied Amazon's BM in korea.

  • @ChoisChoice-y7p
    @ChoisChoice-y7p 5 ปีที่แล้ว +24

    I am Korean and I love Coupang so much. If you order a pack of milk 11pm from Coupang with your smartphone, next day morning, 7am you will see the milk is in front of the door. That's is crazy.

    • @jayd.3946
      @jayd.3946 5 ปีที่แล้ว +26

      What's more crazy is, if you walk for like 5-10mins and go buy it yourself in the convenient store, you can have it the same night.

    • @Loulydollx3
      @Loulydollx3 4 ปีที่แล้ว

      jay spanks u are an idiot sir

    • @emmanuel8310
      @emmanuel8310 3 ปีที่แล้ว

      @@jayd.3946
      At that time of the night??
      Especially if you have plans to use it in the morning, a time other shops around might not be available??
      No matter what way the though seems to go.... Your comment seems unreasonable!!!

  • @tong1811
    @tong1811 5 ปีที่แล้ว +502

    College dropout isn’t the same as a hardvard drop out lol (Zuckerberg)

    • @Brandonhayhew
      @Brandonhayhew 5 ปีที่แล้ว

      Find out about the high demands these days then exploited it and then manufacturing products of demands then you profits

    • @Malisti04
      @Malisti04 5 ปีที่แล้ว +7

      @tong you took the words out of my mouth.....not everyone gets accepted at Harvard.

    • @SaturnStarOfDavid
      @SaturnStarOfDavid 5 ปีที่แล้ว +6

      If he dropped out early hed be as rich as zu Zuckerberg. The University education destroys your creative innovative thinking by programming you to go look for a job.

  • @YoK207
    @YoK207 5 ปีที่แล้ว +47

    One thing, the most important thing, they don’t talk about in this video is their net revenue. Look into the company data.

    • @r56mini
      @r56mini 4 ปีที่แล้ว

      net profit?

  • @darellarocho5729
    @darellarocho5729 5 ปีที่แล้ว +20

    That dude is genuine, I like him

  • @CanadianPrepper
    @CanadianPrepper 4 ปีที่แล้ว +59

    Being a harvard dropout isnt exactly a hard floor to bounce from though... highschool dropout yes. Harvard? I would expect this.

    • @haremking7256
      @haremking7256 3 ปีที่แล้ว +5

      Not everyone from Harvard becomes a billionaire or even millionaire

    • @georgebrantley776
      @georgebrantley776 2 ปีที่แล้ว

      @@haremking7256 But those confident enough to drop out of it often do

    • @miyatakun3
      @miyatakun3 ปีที่แล้ว

      ⁠@@georgebrantley776 I sure would love to see the numbers on this…

  • @davidho9238
    @davidho9238 5 ปีที่แล้ว +145

    He isn’t drop out, he is just out smarted the professors. Why pay someone to waste your time when they aren’t as smart as you?

    • @hithere43210
      @hithere43210 5 ปีที่แล้ว +5

      Why did he make the mistake of paying Harvard in the first place? I Guess he realised that was a mistake

    • @golden4730
      @golden4730 5 ปีที่แล้ว +12

      hithere43210 - he thought Harvard could teach him something new. But he found out pretty early that it can't

    • @raymondmills3251
      @raymondmills3251 5 ปีที่แล้ว +1

      David Ho he isn’t necessarily smarter. The professors know more about business then he does. What he did was take his knowledge from school and apply it to his business.

    • @hithere43210
      @hithere43210 5 ปีที่แล้ว +2

      @@raymondmills3251 his knowledge is not from the School, its more about enterprenual Spirit than knowlede

    • @raymondmills3251
      @raymondmills3251 5 ปีที่แล้ว +1

      hithere43210 i agree. What i was trying to say is that there is more to being an entrepreneur than business knowladge, it takes creativity, risk tolerance, passion, work ethic, etc.

  • @michaellim4165
    @michaellim4165 5 ปีที่แล้ว +54

    He oozes passion right from the screen. I would like to work for a company like that. Good example starts from the top.

  • @thaminduKavinda
    @thaminduKavinda 5 ปีที่แล้ว +18

    i failed one of my final exam in college this is my TH-cam suggestion. well done TH-cam

  • @dltmdwnfkdldjs
    @dltmdwnfkdldjs 5 ปีที่แล้ว +51

    those ppl.have one thing in common. they are not hesitant to express their thoughts and ideas.

    • @SameerKhan-nd5qb
      @SameerKhan-nd5qb 5 ปีที่แล้ว +4

      Yup just like you expressed your thought in your name.

    • @lijie6431
      @lijie6431 5 ปีที่แล้ว

      Just like trump

  • @paolee2730
    @paolee2730 5 ปีที่แล้ว +7

    I love how Ebay as an Ecommerce company platform inspired others to build Amazon, Alibaba, Goupang, etc.....

  • @jiminbyun3582
    @jiminbyun3582 11 หลายเดือนก่อน +2

    I'm disappointed to hear positive news about Coupang when there are ongoing concerns about worker exploitation and safety issues within the company. It's crucial for media outlets to address these issues and hold companies accountable for their actions. Glorifying Coupang without acknowledging these serious problems only perpetuates a harmful narrative. Workers deserve better treatment and support, and it's important for all of us to advocate for their rights.

  • @andy68686
    @andy68686 5 ปีที่แล้ว +50

    I mean, in order to drop out of Harvard, you need to get in first ..

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @Juval
    @Juval 5 ปีที่แล้ว +8

    It's a surprise to know that the founder and CEO of Coupang used to study in the US and speaks very good English, but they couldn't design an app or build a website in English. All other online shopping companies here in Korea already have their own services in English.

    • @HWDragonborn
      @HWDragonborn 2 ปีที่แล้ว +1

      Maybe because Coupang mostly catered to its Korean customers?

    • @jiminswriter4209
      @jiminswriter4209 ปีที่แล้ว

      They don’t want to because it is not profitable for them.

  • @esq.m7076
    @esq.m7076 4 ปีที่แล้ว +3

    At age 13, Bong Kim went to boarding school in Massachusetts at Deerfield Academy, finishing his high school at this prestigious preparatory school. Bong Kim attended Harvard University finishing his undergraduate course for Business Administration !!! ... Bong Kim then much later attended Harvard Business School, a graduate school for an MBA ... in grad school dropped out after only six months. 👍🏼 Bong Kim remains a true-blooded Crimsonian Collegiate Guy ... ❤️ Yes !!!

  • @FinancialShinanigan
    @FinancialShinanigan 3 ปีที่แล้ว +13

    As a Korean, I want Coupang to succeed but lots of headwinds against them. Plus, CNBC deleting their original CEO interview where he deflects answering when Coupang will be profitable 3 times is highly sus

    • @whatsapp...1075
      @whatsapp...1075 3 ปีที่แล้ว

      Invest in Crypto

    • @whatsapp...1075
      @whatsapp...1075 3 ปีที่แล้ว

      +1••..9••,,,7••,,,2..,••5••,,,2•,,,•5,,,•4•,,,•5,,,•7••4.

    • @whatsapp...1075
      @whatsapp...1075 3 ปีที่แล้ว

      WhatsApp

  • @dorontoshanto9245
    @dorontoshanto9245 5 ปีที่แล้ว +53

    He actually complete his graduation from harvard but dropout from MBA.cnbc should also mention this

    • @tommiveceti
      @tommiveceti 5 ปีที่แล้ว +7

      They tried to dramatise the drop out

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @fatimamansoori1531
    @fatimamansoori1531 4 ปีที่แล้ว +1

    He has such a warm personality

  • @MyEpiphany430
    @MyEpiphany430 5 ปีที่แล้ว +93

    In Korea, you get fresh food delivered to you in parks, beaches, and any other place imaginable! I feel like the U.S. is a 3rd world country in comparison with its slow technology and no high speed rail system.

    • @kkevinparkk
      @kkevinparkk 5 ปีที่แล้ว +6

      MyEpiphany77 It takes 2 hours to drive 17 miles through LA traffic... not efficient

    • @강병주-o4x
      @강병주-o4x 5 ปีที่แล้ว +2

      Trust me you are better off in us...

    • @MyEpiphany430
      @MyEpiphany430 5 ปีที่แล้ว +19

      @@kkevinparkk Trust me, Korea's public transportation is very efficient and clean!

    • @MyEpiphany430
      @MyEpiphany430 5 ปีที่แล้ว +13

      @@강병주-o4x High homeless rates, high violent crimes and home invasion, high taxes in California, heavy traffic, crazy liberals - Not good to be in the U.S.

    • @KienNguyen-fx1ki
      @KienNguyen-fx1ki 5 ปีที่แล้ว +3

      Have you considered the land area of the U.S vs South Korea....

  • @vinestreet7
    @vinestreet7 4 ปีที่แล้ว +2

    Yes, going from ivory tower academics to worrying all day and night whether I get my delivery on time is real mental gymnastics - a truly flexible mind.

  • @steinway7414
    @steinway7414 5 ปีที่แล้ว +5

    I use Coupang in south korea, if you order in evening, you get in next dawn. Once you get used to it, you cannot change platform. But I don’t know how they are gonna make profit with this system. Because 12hour delivery service cost too much wage which is why Coupang still losses money despite huge revenue.

  • @MichaelHarto
    @MichaelHarto 5 ปีที่แล้ว +9

    The fact that he dropped out of harvard isn't important. But the fact he got in there in the first place explains much.

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @1kaaa
    @1kaaa 5 ปีที่แล้ว +4

    He’s well spoken. I like.

  • @sinnexz
    @sinnexz 4 ปีที่แล้ว

    you can hear the passion in this guys voice...

  • @amirhamza246
    @amirhamza246 5 ปีที่แล้ว +11

    Dropping out will only make it harder for you to find jobs, that’s it. Starting a startup has nothing to do with dropping out. As long as you are disciplined and passionate, you can do anything.

    • @fitrianhidayat
      @fitrianhidayat 5 ปีที่แล้ว +2

      He also needs to be smart enough and rich enough to get into Harvard in the first place

    • @amirhamza246
      @amirhamza246 5 ปีที่แล้ว +1

      Fitrian Hidayat agreed! So the fact that you get into Harvard is clear indication that you’ll do good in life.

  • @kwangjinchai2859
    @kwangjinchai2859 5 ปีที่แล้ว +8

    Actually this company is loosing money at an incredible rate
    But Masayoshi Son(ethnically Korean) just keeps pumping money into Coupang

  • @mishumali
    @mishumali 5 ปีที่แล้ว +8

    The efficiency of services like this in Korea is just unparalleled. One of the things I love ;_;

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

  • @alvinchua9209
    @alvinchua9209 5 ปีที่แล้ว +1

    To those people saying they want to drop out of their respective degrees, you are different from the person in the video, not because he dropped out from Harvard and not some regular college, but rather he has a good business model and knows what to do after dropping out. He dropped out of college to start developing his business. You dont drop out of college because you cbs studying or are too lazy to do so. You drop out of college for a purpose.

  • @jomolololo4398
    @jomolololo4398 5 ปีที่แล้ว +35

    This presenter is excellent 👌

    • @kamranhanif2836
      @kamranhanif2836 5 ปีที่แล้ว +2

      I want to marry her

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @Otis1194
    @Otis1194 5 ปีที่แล้ว +1

    This guy is business personified, it's pretty sweet. Good luck mate from Brisbane ✌ 🇦🇺

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

  • @catalin90vlad
    @catalin90vlad 5 ปีที่แล้ว +39

    These days to become a billionaire you just need to be friend with softbank and they will make you one. Nevermind the bussines you have, just go to there parties

    • @newmankramer1903
      @newmankramer1903 5 ปีที่แล้ว +3

      catalin90vlad probably is wework is one of them :)

  • @GongmyungKim
    @GongmyungKim 5 ปีที่แล้ว +12

    As a Korean who uses Cupang literally everyday, it is so convenient, fast and even rlly cheap. The company records a heavy deficit every year to provide that cheap and high quality services . It’s a innovation but too risky.

    • @GongmyungKim
      @GongmyungKim 5 ปีที่แล้ว

      J C its not super cheap but if you consider Rocket delivery, it is cheap. When you buy more than 12 USD, you will get a free Rocket delivery :)

  • @kapitalist_uz
    @kapitalist_uz 5 ปีที่แล้ว +106

    This dude: dropped out of the school and became a billionaire
    Me: dropped out of the school and became a homeless

    • @kapitalist_uz
      @kapitalist_uz 5 ปีที่แล้ว +3

      You: Pikachu face

    • @ACNEBOSS
      @ACNEBOSS 5 ปีที่แล้ว

      Kapitalist you a fool 😂😂😂😂😂

    • @wordspark4760
      @wordspark4760 5 ปีที่แล้ว +5

      Cold fact: harvard != ordinary college

    • @alhadifarjalla
      @alhadifarjalla 5 ปีที่แล้ว

      At least you got access to internet be thankful buddy things will be better

    • @antoniorsoftware
      @antoniorsoftware 5 ปีที่แล้ว

      Well, at least you have access to Internet.

  • @littlebrit
    @littlebrit 5 ปีที่แล้ว +2

    Inspiring. We want more stories about millionaires becoming billionaires

  • @tongkatali7643
    @tongkatali7643 5 ปีที่แล้ว +6

    Harvard : We produce the most Billionaire Dropout in the Planet.
    Harvard Billionaire Dropout : I'll be back.

  • @Thelordofeons
    @Thelordofeons ปีที่แล้ว

    This guy dropped out of Harvard and Harvard is still getting credit. How does that work

  • @TZCoder
    @TZCoder 5 ปีที่แล้ว +27

    Almost 1 billion dollars in losses last year, this guy is gonna be rich regardless what happens but the fate of the company is yet to be seen especially considering what has happened to wework & uber other softbank investments.

    • @bahroum69
      @bahroum69 4 ปีที่แล้ว

      Or, look at Amazon and how everybody was saying the same thing as what you are saying about coupang. And see how it turned out.

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @ScreenArtUK
    @ScreenArtUK 4 ปีที่แล้ว

    Everyone in Korea loves Coupang.. dam I couldn't live without it..

  • @TheBoredKoreansChannel
    @TheBoredKoreansChannel 4 ปีที่แล้ว +3

    I swear the English videos on youtube tells me so much about my own country hahaha thank you for the vid!😊😊

    • @tonykim5004
      @tonykim5004 3 ปีที่แล้ว

      님 영어 왜케 잘함??? ㄷ

  • @Wholesaleiphones-vw1lj
    @Wholesaleiphones-vw1lj 4 ปีที่แล้ว

    Even a drop out from harward is super skilled. Imagine how skilled a graduate will be?

  • @sourabhbagrecha
    @sourabhbagrecha 5 ปีที่แล้ว +3

    @CNBC I think there might be some error in the data representation, i.e., at 2:46 it is showing a projected sales of $103Bn and in the next graph it is showing a revenue of about $0.1Bn for South Korea. Please see to it. Thank you

    • @FENXMillennia
      @FENXMillennia 5 ปีที่แล้ว

      Could be sales as in the total value of products on the platform, and revenue is their cut from those sales.

    • @sourabhbagrecha
      @sourabhbagrecha 5 ปีที่แล้ว

      Fyi, revenue indicates the net sales and they both are the same thing. I am pretty sure. What you are talking about is called as Profit in general.

  • @myutsawkasa
    @myutsawkasa 4 ปีที่แล้ว

    He looks like so passionate, work hard and confidence in the E - Com market from south korea to global company.

  • @pulechishimba9502
    @pulechishimba9502 5 ปีที่แล้ว +3

    They talk as if it’s that simple. People who drop out are usually from rich families and have good connections

    • @stephaniemitchell3682
      @stephaniemitchell3682 5 ปีที่แล้ว +2

      Exactly

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @kkakdugiman
    @kkakdugiman 4 ปีที่แล้ว +1

    I really saw the Coupang building, but I didn't realize that it's a Korean billionaire that owns it. Good job Bom Kim!

  • @sn350channel
    @sn350channel 5 ปีที่แล้ว +6

    This is the prime reason shops are closing down in Korea. When I was in Korea some months back, I saw stores after stores closing its doors because they cannot compete with online markets. I wonder how this will turn S Korea

  • @Karina-rk5cp
    @Karina-rk5cp 4 ปีที่แล้ว

    Before people start saying names of those college dropouts like Mark Zuckerburg, Steve Jobs, and this guy who dropped out and turned out to be successful, they are freaking "Harvard" dropout, not some community college dropout. They have the potential which is why Harvard accepted them for a reason.

  • @simplyballing1592
    @simplyballing1592 5 ปีที่แล้ว +18

    Well done to Bom Kim. Not everyone wants to be an employee

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

  • @p.treyben5567
    @p.treyben5567 8 หลายเดือนก่อน

    I like Mr. Kim. He's smart and he knows what people want.

  • @mact4650
    @mact4650 5 ปีที่แล้ว +10

    Amazon: we have two-day shipping
    Coupang: how about one?

    • @mact4650
      @mact4650 4 ปีที่แล้ว

      @Sara kadi now Amazon actually offers 1 day shipping lol

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

    • @specialcookday
      @specialcookday 3 ปีที่แล้ว

      How about less than 6 hours.

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

    • @mact4650
      @mact4650 3 ปีที่แล้ว

      @@kimyang5595 it’s turning cold lately, raining for a few days

  • @MuhammadSulemanshafique
    @MuhammadSulemanshafique 5 ปีที่แล้ว

    I have just stopped the video in the mid way to write this. You can't imagine how motivating it is for me, who's been in the e-commerce industry for 5+ years and really want to start something unique of his own. Trully someone said, always be in a company of high-achieving people or atleast optimists, otherwise the losers or 9to5 people won't let you think and act out of the box....at the end.... Great!

  • @ericaluke5448
    @ericaluke5448 3 ปีที่แล้ว +51

    *I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $100k*

    • @armstrongbill6805
      @armstrongbill6805 3 ปีที่แล้ว

      Denzel Washington once said *"TO get what you never had before you have to do what you never did before"*

    • @revendouglas2881
      @revendouglas2881 3 ปีที่แล้ว

      In times like this,the best thing any American can do for him or herself is to have another source of income apart from his or her salary,invest wisely people!

    • @changchangjuju4281
      @changchangjuju4281 3 ปีที่แล้ว

      Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

    • @patriciamaria7952
      @patriciamaria7952 3 ปีที่แล้ว

      @@changchangjuju4281 I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

    • @patriciamaria7952
      @patriciamaria7952 3 ปีที่แล้ว

      @@changchangjuju4281But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time

  • @sn350channel
    @sn350channel 5 ปีที่แล้ว +2

    I think Coupang can even be the first to implement drone into their service. SK is pretty safe in this regard

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

  • @hajji384
    @hajji384 5 ปีที่แล้ว +8

    These people understand life , holding paper it isn't success

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

    • @hajji384
      @hajji384 3 ปีที่แล้ว

      @@kimyang5595 excellent weather , good life.

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      @@hajji384 It is my pleasure coming in contact with you here, please contact me on my email so we can get to know each other more better. I have something very interesting i will love to share with you that is why i contacted you, below is my e-mail. I am not always online here so please contact me on my mail
      Name: Kim Yang
      E-mail: yangkim129@gmail.com

    • @hajji384
      @hajji384 3 ปีที่แล้ว

      @@kimyang5595 OK, check your inbox

    • @hajji384
      @hajji384 3 ปีที่แล้ว

      @@kimyang5595 are you kidding me bruh?!

  • @nwayshinemin
    @nwayshinemin 5 ปีที่แล้ว +1

    I am so impressed!

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

  • @vinacorea
    @vinacorea 5 ปีที่แล้ว +8

    This like a Coupang's PR video
    Coupang is in huge deficit every year (impaired capital)

  • @stellaunya5192
    @stellaunya5192 3 ปีที่แล้ว +1

    Coupang is the best 🧡

  • @SyafriMukhrizal
    @SyafriMukhrizal 5 ปีที่แล้ว +19

    2019, when dropout get famous and rich
    2020 too many people poverty after dropoutt

  • @samhongsam
    @samhongsam 3 ปีที่แล้ว +1

    Now all that’s left is to take care of your employees...

  • @justinelliott5799
    @justinelliott5799 5 ปีที่แล้ว +43

    Harvard dropout to billionaire......haven't heard that one before.

    • @Laverti12345
      @Laverti12345 5 ปีที่แล้ว

      Lei P 😂 ahhhhhh

    • @heraldomedrano6993
      @heraldomedrano6993 5 ปีที่แล้ว

      Harvard is overrated.

    • @heraldomedrano6993
      @heraldomedrano6993 5 ปีที่แล้ว +5

      He should of gone to Trump University.

    • @Rassy_
      @Rassy_ 5 ปีที่แล้ว

      @Lei P You're super smart!

    • @JPcanbeanything
      @JPcanbeanything 5 ปีที่แล้ว

      Lei P can’t tell if that’s also sarcasm or not

  • @spongebob6956
    @spongebob6956 4 ปีที่แล้ว +2

    From Bum to Bom this man upgraded his status in life

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there.??

  • @懿斌赵
    @懿斌赵 5 ปีที่แล้ว +4

    you dont need to have Havard degree to succeed, you need to belive in what you doing, hard work and be brave to take risks!

    • @PineappledoesnotbelongonPizza2
      @PineappledoesnotbelongonPizza2 5 ปีที่แล้ว

      No... you need to dropout from an Ivy league school.

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

  • @MTran0708
    @MTran0708 5 ปีที่แล้ว +2

    It's always funny how they say Harvard 'dropout' as if its a bad thing, If you're smart enough to get into Harvard in the first place you're already doing good.

  • @wildchangjr.8998
    @wildchangjr.8998 5 ปีที่แล้ว +11

    I am honestly interested on how this company will deal with the bigger, global market that includes retail giants like Amazon and Alibaba.

    • @xingyipan7511
      @xingyipan7511 5 ปีที่แล้ว

      Wild Chang, Jr. There might be opportunities in countries where no major retail players in the market such as some countries in South East Asian, but definitely not a smart strategy to enter China or US.

    • @ianuy
      @ianuy 5 ปีที่แล้ว

      Hyper localization.

    • @wildchangjr.8998
      @wildchangjr.8998 5 ปีที่แล้ว

      @@fritzdeuces like a partnership? Cause otherwise, what is the point of forming a new company?

  • @FamilymanSGP
    @FamilymanSGP 5 ปีที่แล้ว +2

    Might want to do an interview with Qoo10 CEO. One of the pioneer who set up Gmarket in Korea. In fact, way before the likes of Alibaba and the rest. Went listed in Nasdaq and sold it to Ebay. Then, set up Qoo10. Were once a market leader in few countries before dethrone due to heavy burning money activities by the rest in the name of market share. Perhaps, the next interview could be the real truth behind every company that is backed by conglomerate and how one can sustain this by turning it into profitability. Such topics are usually not feature/discuss openly in most interviews. Will be a good case study for future start up owners/individual who aspire to make a difference in the fast changing world.

    • @vanzwan
      @vanzwan 5 ปีที่แล้ว +1

      Right, there are more fail start up than succeed

  • @wwlee5
    @wwlee5 5 ปีที่แล้ว +39

    basically he closed up mom and pop stores.

    • @AmitSinghco
      @AmitSinghco 5 ปีที่แล้ว

      What's that?

    • @user-xz3yx6mk8n
      @user-xz3yx6mk8n 5 ปีที่แล้ว +15

      @@AmitSinghco he meant to say local grocery shops of the area

    • @wwlee5
      @wwlee5 5 ปีที่แล้ว +2

      correct. the Korean population is actually at peak and about to decline so there won't be more overall sales growth. nothing wrong with taking away customers but a lot of misconception is that jobs will grow.

    • @nancylee7435
      @nancylee7435 5 ปีที่แล้ว +1

      right..create a billionaire and put many small business out!!

    • @plung3r
      @plung3r 5 ปีที่แล้ว

      It's part and parcel of life. If that doesn't happen the earth will rot.

  • @Heisenberg7177
    @Heisenberg7177 5 ปีที่แล้ว +1

    Love his energy

  • @saleh.hashmi
    @saleh.hashmi 5 ปีที่แล้ว +3

    that's the prob... attracting these investors. How did u get a chance to get them to sit at the table? and why didn't they say it's just the same as Amazon?

  • @gurunglenin
    @gurunglenin 5 ปีที่แล้ว +1

    In my experience, I don’t compare Coupang with Amazon. I compare with Walmart in US. I stayed five years in South Korea, I used to online shopping Coupang, G-market, Naver, Lotte...etc. Coupang sells low quality of shopping things. But G-market is very useful shopping online because you don’t need special visa card for shopping, local bank transfer is possible, tracking number and exact delivery date gives you.

  • @famj1952
    @famj1952 4 ปีที่แล้ว +3

    He dropout : CEO
    I dropout : McDonald’s employee

    • @kimyang5595
      @kimyang5595 4 ปีที่แล้ว

      Hello how are you doing today and how is the weather condition over there..?

  • @olivastallonechannel4444
    @olivastallonechannel4444 5 ปีที่แล้ว

    All these people are very disciplined right from birth no bad habits they are high on becoming an entrepreneur

  • @Addy0401
    @Addy0401 5 ปีที่แล้ว +4

    The chick interviewing is so smart and hot !

  • @andrewjohnjexy2894
    @andrewjohnjexy2894 5 ปีที่แล้ว

    Man living in Canada I realize that we really step our game up with accessibility

  • @Huron2000
    @Huron2000 5 ปีที่แล้ว +16

    I'm sorry what, did she say he's 41? He looks like he's 30 at least

    • @jpark7668
      @jpark7668 5 ปีที่แล้ว +1

      Korean cosmetics

    • @autumntriesthings
      @autumntriesthings 4 ปีที่แล้ว

      Twinkiess genetics and money 💰

    • @fz1792
      @fz1792 4 ปีที่แล้ว

      He's Asian most East Asians seem to age at a slower pace

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว

      How are you doing today and how is the weather condition over there.?

  • @AbdulSattar-dd5yw
    @AbdulSattar-dd5yw 4 ปีที่แล้ว +1

    Maashaallah good video. Allah bless him with good ness of both world's and make him more charitable more generous.

  • @jjmm162
    @jjmm162 5 ปีที่แล้ว +18

    I think he is the most fluent in speaking English as a CEO in South Korea
    Just saying

    • @DaveSooyoung
      @DaveSooyoung 5 ปีที่แล้ว +2

      th-cam.com/video/dXHOz761smE/w-d-xo.html

    • @JUSIKSTUDYTV
      @JUSIKSTUDYTV 5 ปีที่แล้ว

      th-cam.com/video/G0roHmroUEA/w-d-xo.html

    • @DaveSooyoung
      @DaveSooyoung 5 ปีที่แล้ว

      lol you edited it. "just saying"

  • @danf8047
    @danf8047 5 ปีที่แล้ว +1

    In Korea, speed is king, it's always been like that. Because of the competitive nature quality has to be good but at the end whoever gets it to customers first wins. I landed in Incheon and had my luggage shipped to my grand mother's in the south. When I got there by bus the luggage was already waiting for me there - mind blown.

  • @abhishekdev258
    @abhishekdev258 5 ปีที่แล้ว +19

    wait a minute he is 41???? It looks that he dropped yesterday.

    • @plantiron
      @plantiron 5 ปีที่แล้ว

      @Harry Fishnuts ; spell check what?

    • @plantiron
      @plantiron 5 ปีที่แล้ว

      @Harry Fishnuts : Nah..nothing wrong with my spelling. You are just dumb, thats all

  • @JitGanguly007
    @JitGanguly007 4 ปีที่แล้ว

    he made a difference because he care about his customer

  • @cautious12345
    @cautious12345 5 ปีที่แล้ว +6

    This video disregards every struggle that Coupang is going through.
    Maybe at least try to give an impartial point on a topic and not just praise any single thing that seems moderately interesting.

    • @codychoe
      @codychoe 5 ปีที่แล้ว

      To me, it is no more than desperate attempt of publicity stunt which we all have seen of last minutes of many Corps. gone before our eyes.

  • @bestak9031
    @bestak9031 3 ปีที่แล้ว

    Even 'Harvard Dropout' is a qualification many sought out nowadays.

  • @thebeast8709
    @thebeast8709 5 ปีที่แล้ว +3

    He was a dropout from harvard and not from any hulululu college

    • @shubhsaxena8745
      @shubhsaxena8745 4 ปีที่แล้ว

      steve jobs dropped out of hululu college ( reed college) his high school gpa was 2.65 which is C averagee

  • @vitovitale9867
    @vitovitale9867 5 ปีที่แล้ว

    Sufferin' succotash a journalist with a lisp worse than mine....I am in love!

  • @pg2163
    @pg2163 4 ปีที่แล้ว +6

    쿠팡 창업자 하버드셨네... 와우

  • @Dk4KOfficial
    @Dk4KOfficial 5 ปีที่แล้ว +2

    Camera man did great job.. I really like the frame and handheld shots

    • @kimyang5595
      @kimyang5595 3 ปีที่แล้ว +1

      How are you doing today and how is the weather condition over there.?

    • @Dk4KOfficial
      @Dk4KOfficial 3 ปีที่แล้ว

      @@kimyang5595 It's awesome, what's up with you?

  • @cherry0.021
    @cherry0.021 4 ปีที่แล้ว +4

    At least he made it there 😅

  • @lohyunhou2907
    @lohyunhou2907 5 ปีที่แล้ว

    thanks as always