Abu Dhabi Mubadala acquired stake in South Korean e-commerce firm for $23 million

Mubadala Investment, an Abu Dhabi-based investment management company, has acquired shares in Coupang, a Seoul-based e-commerce company, that's valued at approximately $23 million.

With 78,000 employees, Coupang is an e-commerce company based in Seoul and is South Korea's first marketplace and largest online retailer. (Founded in 2017, the Mubadala Investment is one of the Abu Dhabi government's sovereign wealth funds. It invests in aerospace, metals and mining, renewable energy, real estate, utilities, defense all over the world)

Mubadala is listed in the Middle East Investors Directory with the code EM14.