Softbank to invest $1 bln in Korean e-commerce site Coupang
TOKYO, June 3 (Reuters) - Japan's Softbank Corp will invest $1 billion in South Korean online retailer Coupang, with the deal expected to close in July, both companies said on Wednesday.
The investment would raise to around $1.5 billion the amount of money Coupang has raised so far this year, the companies said in a joint statement.
(Reporting by Ritsuko Ando; Editing by Miral Fahmy)
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