South Korean Prime Minister Rejects Coupang Discrimination Claims as U.S. Investors Seek Arbitration
Updated (2 articles)
PM Kim Publicly Denies Discrimination Against Coupang Prime Minister Kim Min‑seok told U.S. lawmakers on Capitol Hill that Seoul does not discriminate against Coupang, emphasizing the strong Korea‑U.S. alliance as a safeguard against bias [1][2]. He framed the issue within the broader partnership and asserted that mutual trust prevents any targeted treatment [1][2]. Kim likened the situation to the September detention of South Korean workers in Georgia, insisting that incident was unrelated to nationality or corporate origin [1][2].
Greenoaks and Altimeter Initiate Arbitration Against Seoul U.S. investors Greenoaks Capital and Altimeter Capital notified the South Korean government of their intent to commence arbitration over recent enforcement actions [1][2]. They contend that penalties against Coupang have surged as the company captures market share, creating unprecedented sanctions in Korean corporate history [1][2]. The investors accuse authorities of issuing false, defamatory statements about the data breach and urge Washington to consider trade‑related remedies [1][2].
Data Breach Impacts Tens of Millions of Customers Coupang disclosed a data breach in November, estimating that personal information of roughly 33.7 million customers was exposed [1][2]. The breach underpins both the government’s investigative actions and the investors’ arbitration claims [1][2]. No additional specifics about the compromised data were provided in the statements [1][2].
Diplomatic Context of Five‑Day U.S. Visit Kim’s comments came during a five‑day U.S. trip that featured meetings with lawmakers, a wreath‑laying ceremony at the Korean War Veterans Memorial, and engagement with Korean‑American youth [1]. He also pressed for rapid implementation of the bilateral trade deal concluded in November [1]. The second report highlighted a photo opportunity with U.S. lawmakers as part of the diplomatic outreach [2].
Sources (2 articles)
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[1]
Yonhap: South Korea denies Coupang discrimination as investors plan arbitration: details PM Kim’s denial, investors’ arbitration notice, 33.7 million‑customer breach, Georgia incident comparison, and includes memorial and youth engagement during the U.S. visit.
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[2]
Yonhap: Korean PM says no discrimination against Coupang amid arbitration claims: repeats denial and arbitration claims, cites breach impact, links to Georgia incident, and notes a photo opportunity with U.S. lawmakers as part of the diplomatic agenda.
Timeline
Nov 2025 – Coupang discloses a major data breach that it estimates affects 33.7 million customers, marking one of the largest personal‑data exposures in South Korea’s e‑commerce sector[1].
Sep 2025 – Hundreds of South Korean workers are detained in Georgia, an incident the prime minister later cites to argue that recent Korean actions are not driven by nationality‑based discrimination[1].
Nov 2025 – Seoul and Washington finalize a bilateral trade deal, which the prime minister pledges to accelerate with follow‑up measures during his upcoming U.S. visit[1].
Jan 23, 2026 – Prime Minister Kim Min‑seok tells U.S. lawmakers on Capitol Hill that Seoul does not discriminate against Coupang while the government probes the data‑leak case, stressing the “high level of trust” in the Korea‑U.S. alliance[1].
Jan 23, 2026 – U.S. investors Greenoaks Capital and Altimeter Capital notify Seoul of their intent to launch arbitration, accusing the government of “targeted and hostile interference” and of making “false and defamatory” claims about the breach[1].
Jan 23, 2026 – Kim draws a parallel between the Coupang investigation and the September 2025 Georgia detention, insisting that actions against Coupang are not motivated by its U.S. ownership and lack discriminatory intent[1].
Jan 23, 2026 – During his five‑day U.S. trip, Kim lays a wreath at the Korean War Veterans Memorial and meets American youth and Korean residents in Washington, using cultural outreach to reinforce people‑to‑people ties alongside diplomatic negotiations[1].