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…
The Fair Trade Commission (FTC) remains unimpressed by US pressure regarding Chairman Ju Biung-ghi's restriction from entering the United States, according to the head of the agency. Ju reaffirmed the commission's commitment to conducting law enforcement activities without discrimination during a press conference in Sejong. The recent tension stems from the dispute over Coupang, a South Korean e-commerce firm.
Washington's House Judiciary Committee released a report in July, alleging that Korean authorities had treated Coupang unfairly, citing excessive investigations and penalties. In response, a US lawmaker proposed legislation aimed at limiting entry to the US for foreign officials accused of discriminating against American companies, explicitly referencing the Coupang case.
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- FTC unfazed by US pressure over Coupang: chairman koreatimes.co.kr
