Two major U.S. investors in Coupang Inc. said on Thursday they have petitioned the U.S. government to investigate the Korean government and potentially impose trade remedies over what they describe as discriminatory treatment of the e-commerce company. Tech investors Greenoaks and Altimeter said they have also filed arbitration claims against Korea under the U.S.–Korea Free Trade Agreement (KORUS), accusing Seoul of mounting a campaign against Coupang following a consumer data breach that has caused billions of dollars in losses for investors. The move comes after Coupang reported in November that personal data for some 33 million customers in Korea were compromised, triggering a backlash from lawmakers and the public, which prompted a wide-ranging investigation as well as lawsuits from investors and consumers. The investors said they have asked the U.S. Trade Representative (USTR) to investigate South Korea’s actions and impose “appropriate trade remedies, potentially including tariffs and other sanctions,” arguing that the response to the breach has gone far beyond normal regulato
