Coupang's U.S. investors notify S. Korea of intent to pursue arbitration

Описание: 쿠팡 美주주 "한국탓 손해" ISDS 중재의향서 법무부 "적극대응"

We begin this morning with U.S. investors in e-commerce giant Coupang moving toward international arbitration, after accusing South Korea of discriminatory regulatory actions following a massive data breach investigation.
The investors have also urged Washington to launch a trade probe, raising the dispute to a potential South Korea-U.S. trade issue.
Lee Seung-jae starts us off.

Two major U.S. investors in e-commerce giant Coupang have formally notified the South Korean government of their intent to pursue international arbitration, accusing authorities of discriminatory treatment toward the U.S.-listed firm.
Greenoaks Capital Partners and Altimeter Capital Management said Thursday they plan to file arbitration claims under the South Korea–U.S. Free Trade Agreement.
The move follows a series of South Korean government investigations into Coupang after a massive customer data breach was revealed last November.
In a notice sent to President Lee Jae Myung and the Justice Ministry, the investors said their combined equity stake in Coupang exceeds 1-point-5 billion U.S. dollars.
They argued that regulatory pressure intensified as Coupang gained market share from domestic Korean and Chinese competitors.
In a separate filing to the Office of the United States Trade Representative, the investors also urged Washington to launch a probe under Section 301 of the Trade Act of 1974 and consider trade remedies.
They claimed that enforcement actions against Coupang far exceeded those faced by rival firms.
The investors cited hundreds of audits, inspections, and penalties imposed by multiple South Korean agencies, including the Fair Trade Commission, tax authorities, labor regulators, and financial watchdogs.
They described the data breach as limited and accused officials of exaggerating the incident to inflame public opinion and harm the company.
They also said the regulatory campaign erased billions of dollars in market value, losses they say were borne by U.S. shareholders, including retirement funds.
In response, the Blue House said the investigation should not be viewed as a trade dispute with the U.S., stressing that the probe reflects the unprecedented scale of the data leak and is being conducted in accordance with South Korean law.
Coupang was founded by Korean-American entrepreneur Kim Bom-suk and generates about 90 percent of its revenue in South Korea.
Lee Seung-jae, Arirang News.

#South_Korea #Coupang #Arbitration #대한민국 #쿠팡 #국제중재 #Arirang_News #아리랑뉴스

📣 Facebook :   / arirangtvnews  
📣 Twitter :   / arirangtvnews  
📣 Homepage : https://v2.arirang.com/

2026-01-23, 10:00 (KST)