SEOUL: South Korean Prime Minister Kim Min-seok has told US lawmakers that his country was not discriminating against US-listed e-commerce company Coupang, rejecting claims from two of its investors who have escalated a dispute with Seoul over data leaks.
Two major US investors in Coupang Inc said on Thursday they have petitioned the US government to investigate the South Korean government and potentially impose trade remedies over what they describe as discriminatory treatment of the e-commerce company.
Tech investors Greenoaks and Altimeter said they have also filed arbitration claims against South Korea under the US–Korea Free Trade Agreement (KORUS), accusing Seoul of mounting a campaign against Coupang following a consumer data breach that has caused billions of dollars in losses for investors.