Coupang Arbitration Claim 2026: PM Denies US Investor Discrimination Allegations
Prime Minister Kim Min-seok denies discrimination against Coupang during his U.S. visit, addressing the Coupang arbitration claim 2026 filed by Greenoaks and Altimeter.
Is Seoul unfairly targeting a U.S.-listed giant? Prime Minister Kim Min-seok just stepped into the line of fire in Washington to defend South Korea's regulatory actions against Coupang Inc. He's firmly pushing back against claims that the e-commerce leader is being singled out due to its American ties.
Coupang Arbitration Claim 2026: A New Trade Flashpoint
During a meeting with U.S. lawmakers on January 22, 2026, Kim stated that there is "no discrimination against Coupang whatsoever." This high-level reassurance comes as two major U.S. investors—Greenoaks Capital Partners and Altimeter Capital Management—notified Seoul of their intent to file arbitration claims. They're accusing the South Korean government of "targeted and hostile interference."
The investors argue that as Coupang outperformed local and Chinese rivals, the government responded with "more penalties than any other company in Korean history." Much of the tension stems from a massive data breach revealed last November, which allegedly affected 33.7 million customers. Investors claim Seoul's response has been "false and defamatory."
Diplomatic Parallels and Reciprocity
To illustrate his point, PM Kim drew a comparison to the detention of South Korean workers in Georgia, USA, last September. He noted that South Korea didn't view that incident as discrimination against its nationals, suggesting that legal enforcement in Coupang's case shouldn't be viewed through a nationalist lens either.
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