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How a dispute over e-commerce firm Coupang is testing US-South Korea ties

First publishedJul 17, 11:06 UTC
Last updatedJul 17, 13:52 UTC · 6m ago
11 outletInvesting.com · Stock Market
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How a dispute over e-commerce firm Coupang is testing US-South Korea ties
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SEOUL, July 17 (Reuters) - South Korea’s decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country’s openness to American tech, raising worries the matter is impacting Seoul’s relations with the U.S. The tensions surrounding Coupang, which is South Korea’s biggest online retailer, though it is based in Seattle, have become serious enough that Kang Kyung-wha, Seoul’s ambassador to the U.S., returned to the capital on Wednesday for consultations with officials in President Lee Jae Myung’s administration.

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SEOUL, July 17 (Reuters) - South Korea’s decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country’s openness to American tech, raising worries the matter is impacting Seoul’s relations with the U.S. The tensions surrounding Coupang, which is South Korea’s biggest online retailer, though it is based in Seattle, have become serious enough that Kang Kyung-wha, Seoul’s ambassador to the U.S., returned to the capital on Wednesday for consultations with officials in President Lee Jae Myung’s administration. "The (Coupang) issue is dragging on much longer than I expected," Kang said to local media when asked about the American criticism on the issue. She added the matter would be dealt with separately from other bilateral items that have been agreed upon by the two countries.

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SEOUL, July 17 (Reuters) - South Korea’s decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country’s openness to American tech, raising worries the matter is impacting Seoul’s relations with the U.S. The tensions surrounding Coupang, which is South Korea’s biggest online retailer, though it is based in Seattle, have become serious enough that Kang Kyung-wha, Seoul’s ambassador to the U.S., returned to the capital on Wednesday for consultations with officials in President Lee Jae Myung’s administration.
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1 outlet, average source rating 6.0/10.
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6m ago.
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    How a dispute over e-commerce firm Coupang is testing US-South Korea ties

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