FTC unfazed by US pressure over Coupang: chairman
The Fair Trade Commission (FTC) does not take Washington’s threat to bar Chairman Ju Biung-ghi from entering the United States seriously, brushing off escalating U.S. pressure over the watchdog’s regulatory crackdown on U.S.-listed Coupang, the head of the authority said Monday. “We will not be swayed by this, but will continue law enforcement in a nondiscriminatory manner,” Ju told reporters…
Fair Trade Commission (FTC) Chairwoman Ju Biung-ghi dismissed the United States' threat to prevent her from entering the country in response to the agency's regulatory actions against Coupang, a U.S.-listed company. Speaking at a press conference in Sejong, Ju stated that the FTC would not be influenced by these efforts, but would continue to enforce the law in a non-discriminatory manner.
This comes as tensions escalate between Korea and the United States over the Coupang dispute. In July, a U.S. House Judiciary Committee report accused Korean authorities of discriminatory treatment of Coupang, alleging the company faced excessive investigations and penalties. A subsequent bill introduced by a U.S. lawmaker would restrict U.S. entry for foreign officials accused of using government authority to discriminate against American companies, specifically referencing the Coupang case.
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- FTC unfazed by US pressure over Coupang: chairman koreatimes.co.kr
