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U.S. firms urge U.S. government to probe South Korea’s 2025 Coupang data breach response, alleging bias and seeking trade penalties.
U.S. Investors Greenoaks and Altimeter have urged the United States.
The government will investigate South Korea's handling of a 2025 data breach at Coupang, alleging discriminatory treatment and seeking trade remedies, including tariffs, under the United States-Korea Free Trade Agreement.
They claim that South Korea's broad regulatory actions, spanning labor, finance, and customs, resulted in billions of dollars in losses and a 27% drop in Coupang's stock price, labeling the response disproportionate and retaliatory.
South Korean officials deny bias, arguing that enforcement was lawful and proportionate, citing consumer protection and regulatory fairness.
The USTR has up to 45 days to decide on a formal investigation, whereas arbitration proceedings require a 90-day cooling off period.
The dispute has strained relations between the United States and South Korea, as well as raised concerns about digital governance across borders.
Las firmas estadounidenses instan al gobierno de los Estados Unidos a investigar la respuesta de Corea del Sur a la violación de datos de 2025 Coupang, alegando sesgo y buscando sanciones comerciales.