U.S. Senator Urges 301 Probe Into Korea’s Coupang Regulations
Republican Sen. Bernie Moreno has urged the Office of the U.S. Trade Representative (USTR) to take action over what he described as discriminatory treatment by the South Korean government of U.S. companies, including Coupang. Moreno sent a letter to U.S. Trade Representative Jamieson Greer on Aug. 2
Republican Sen. Bernie Moreno has called on the U.S. Trade Representative (USTR) to investigate South Korea's treatment of U.S. companies, particularly Coupang, according to a letter sent on August 27. Moreno claims that the South Korean government has been pursuing discriminatory policies against U.S. companies, using data breaches as a pretext for aggressive investigations and imposing the largest financial penalty ever.
He singled out Coupang, which faced 10 government agencies following a data breach and threatened with suspension, as a representative case. Moreno also criticized the criminal indictments of several executives, including U.S. citizens, as an act of hostility. While acknowledging the data breach, Moreno viewed it as a pretext for targeting a U.S. company.
He argued that the actions violated the spirit of a recently negotiated bilateral trade agreement and emphasized the long-standing security alliance between the U.S. and South Korea. Moreno warned that the U.S. would not tolerate such discrimination and urged the USTR to initiate consultations under the trade agreement.
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