South Korea rejects Coupang, US claims of discriminatory treatment
South Korea's presidential office has rejected claims that the country gave discriminatory treatment to Coupang, the US-listed e-commerce firm. According to the Straits Times, a US House Judiciary Committee report had made the accusation.
South Korea's presidential office has said it rejects claims that the country applied discriminatory treatment to Coupang, the US-listed e-commerce firm. According to the Straits Times, the accusations appeared in a report by the US House of Representatives Judiciary Committee.
The report had alleged that South Korea engaged in unfair practices against the US-based company. Seoul, for its part, stressed that it did not accept the assessment and that regulations are applied equally to all companies.
The dispute brings a sensitive issue to the fore in trade and regulatory relations between the two countries. Coupang is one of South Korea's largest online retailers. Statements from both sides are being watched closely for what they signal about the bilateral economic relationship.
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