Exhibit 10.7
Letter of Interim Assignment
May 28, 2025
Dear Hanseung Kang:
This letter confirms the terms and conditions of your interim assignment from Coupang, Inc. (the “Company”) to Coupang Corp. (“Affiliate”) (the “Assignment”).
PLACE AND ANTICIPATED DURATION OF ASSIGNMENT;
The Assignment will commence on June 1, 2025, and is expected to continue until you obtain work authorization to work in the United States unless earlier terminated by you or the Company. While the Company may cancel this Assignment in its sole discretion at any time without prior notice, this Assignment also may be extended upon mutual written consent between the Company and you. Section 3 of your Executive Employment Agreement with the Company will govern the termination of your Assignment.
You will initially work remotely in Seoul Korea. However, Affiliate may change your regular place of work from time to time according to its business needs, and it may require you to work temporarily at any location and to travel to domestic and foreign locations in connection with Affiliate’s business. It is currently expected that you will relocate to the United States by no later than August 15, 2025, unless the Company approves otherwise in writing, and you will exercise good faith and best efforts to get legal work status in the United States as soon as possible and that re-assignment to the United States will occur upon your obtaining a legal right to work in the United States. Failure to use best efforts to promptly and without delay obtain said right to work may result in termination of this assignment in the discretion of the Company.
DUTIES; COMPLIANCE WITH APPLICABLE LAWS AND POLICIES
During the Assignment, you will be in the position of Head of Business Development, North America. During your Assignment, you agree to comply with all applicable laws and policies of the Company and Affiliate, including, but not limited to, your ongoing obligations pursuant to your Executive Employment Agreement and Confidentiality, Non-Competition and Invention Assignment Agreement with the Company, as well as Affiliate’s workforce regulations and policies, where applicable, as they pertain to the Assignment and your employment generally.
You will work during Affiliate’s regular work hours, which presently are Monday through Friday, 9:30 through 18:30, including one unpaid hour for lunch to be taken in accordance with the Affiliate’s policy (currently scheduled between 12:00 to 13:00 and subject to change). Affiliate may request that you work on Saturdays, Sundays, or other days off, or beyond the prescribed working hours, if necessary Affiliate may also change its general work hours or your hours to any other schedule or format that it deems appropriate given its business needs and as permitted by law.
You will receive paid annual leave, public holidays, and one paid day off per week (currently Sunday; Saturday is an unpaid day off) in accordance with the minimum requirements of Korean law and any applicable policies of Affiliate. Holidays and other days off may be substituted with other days off if deemed necessary by Affiliate.
WORK AUTHORIZATION
The Assignment is expressly conditioned upon your obtaining the necessary work authorization and satisfying all legal requirements for entry, residence, and work in Korea, including the health requirements established by the Company and by the health organizations of the government of Korea as consistent with applicable law. Affiliate will pay the costs of processing any required visas and any other similar expenses associated with these processes for you to move and work in Korea as may be required.
COMPENSATION ISSUES
Your compensation terms will remain as reflected in your Executive Employment Agreement. While on assignment you will be paid directly by Affiliate on a monthly basis.
OTHER REQUIRED PAYMENTS