Key facts
- President Donald Trump made two stock trades in Coupang Inc. in June.
- He sold shares valued between $1,001 and $15,000 on June 3.
- He purchased shares valued between $15,001 and $50,000 on June 24.
- These trades were disclosed in a report filed with the U.S. Office of Government Ethics.
- The trades occurred amidst U.S. criticism of South Korea's regulatory response to a Coupang data breach.
U.S. President Donald Trump engaged in two stock transactions involving Coupang Inc. shares in June, as revealed by a financial disclosure report filed with the U.S. Office of Government Ethics. The report, released on August 22, indicated that Trump sold Coupang shares valued between $1,001 and $15,000 on June 3, and subsequently purchased shares worth between $15,001 and $50,000 on June 24. These recent trades add to 18 previous transactions in Coupang shares made by Trump between October 9 and May 22, managed through two investment accounts.
The timing of these stock dealings coincides with heightened U.S. criticism regarding South Korea's response to a significant data breach affecting the U.S.-listed e-commerce company. Following the breach, the House Judiciary Committee released an interim staff report in July, alleging that South Korean authorities were engaged in 'discriminatory attacks' against Coupang and other American-owned businesses, labeling Coupang as a 'consistent target.' A White House official echoed these concerns, stating that Coupang was being 'singled out' by the administration of South Korean President Lee Jae Myung and expressing apprehension over the 'discriminatory' targeting of the company.