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South Korea's presidential office refutes U.S. report on alleged discrimination against Coupang

Created at 3 Jul · 10:11 AM1 source↑ Market-relevant
IN SHORT

South Korea's presidential office has rejected a U.S. House committee report alleging discriminatory targeting of e-commerce firm Coupang. National Security Adviser Wi Sung-lac stated that investigations are conducted without discrimination and in accordance with due process, refuting claims of unfair regulations and targeted attacks.

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Key Numbers

33 millionuser accounts affected by Coupang data leak

Who's Involved

Wi Sung-lac
South Korea's National Security Adviser
Coupang Inc.
E-commerce giant targeted in U.S. House committee report
House Judiciary Committee
U.S. committee that released the report
National Assembly
South Korean parliament issuing a statement
Harold Rogers
Interim CEO of Coupang Corp.
South Korea's presidential office refutes U.S. report on alleged discrimination against Coupang

↳ Why This Matters

The dispute highlights potential trade friction and differing interpretations of regulatory actions between South Korea and the United States, impacting foreign investment sentiment and bilateral relations.

Key facts

  • South Korea's presidential office denied allegations of discriminatory targeting of Coupang by the government.
  • A U.S. House committee report accused South Korea of "discriminatory attacks" and "economic discrimination against foreign companies."
  • National Security Adviser Wi Sung-lac stated that investigations are conducted without discrimination and in accordance with due process.
  • The report claimed Coupang was a "consistent target" of the South Korean government.
  • South Korea's National Assembly stated its hearings were lawful and part of ordinary practice, not targeting a specific company.

South Korea's presidential office has refuted claims made in a recent U.S. House committee report that alleged discriminatory targeting of e-commerce firm Coupang Inc. National Security Adviser Wi Sung-lac stated that the report's assertions of discriminatory, targeted investigations and unfair regulations are untrue.

Wi emphasized during a press briefing that South Korea does not discriminate against companies based on nationality and conducts investigations in accordance with due process. He noted that Coupang itself acknowledged a data leak affecting over 33 million user accounts, which could also impact U.S. citizens. Wi drew a parallel to a hypothetical U.S. scenario involving a similar data breach.

The security adviser also denied allegations concerning the National Intelligence Service or a high-level presidential official's involvement in retrieving an IT gadget from China related to the data breach. He suggested the report may have solely reflected Coupang's claims and that South Korea will communicate its position through continued dialogue.

The South Korean National Assembly also issued a statement expressing regret over the U.S. report, deeming its assessment based on limited facts. Lawmakers asserted that parliamentary hearings, including one with Coupang's interim CEO Harold Rogers, were lawfully convened and followed standard procedures, not targeting a specific company. They also defended the use of interpretation services during hearings.

The foreign ministry similarly expressed regret over the report and committed to ongoing consultations with the U.S. to prevent the issue from impacting the broader alliance.

Frequently asked questions

The report alleged that South Korea engaged in "discriminatory attacks" and "economic discrimination against foreign companies," specifically targeting Coupang Inc.

The presidential office refuted the allegations, stating that investigations are conducted without discrimination and in accordance with due process under domestic law.

The investigation was related to a massive customer data leak at Coupang's South Korean affiliate, which affected over 33 million user accounts.

Yes, the National Assembly issued a statement regretting the report and asserting that its hearings were lawful and part of ordinary practice, not an exceptional procedure targeting a specific company.

What Happens Next

01South Korea will continue communication with the U.S. to ensure its position is understood.
02South Korea will work to separate the Coupang issue from other bilateral matters.
03The U.S. House committee may respond to South Korea's refutation.

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Cadence

How It Developed

A U.S. House committee released a report alleging South Korea engaged in discriminatory attacks on Coupang.
South Korea's presidential office refuted the report's claims, stating no discrimination based on nationality occurs.
National Security Adviser Wi Sung-lac asserted that investigations are conducted without discrimination and in accordance with due process.
Wi addressed the report's claims regarding a data leak and the retrieval of an IT gadget from China.
The presidential office stated it will communicate its position to the U.S. and separate the Coupang issue from other bilateral matters.
The National Assembly issued a statement regretting the U.S. report, asserting hearings were lawful and not company-specific.
Lawmakers stated that procedures during hearings were applied equally to all witnesses.
The foreign ministry also expressed regret over the report and committed to continued U.S. consultations.

Sources

T1
Cheong Wa Dae refutes U.S. House committee report alleging discrimination against CoupangYonhap News Agency

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