House Report Alleges South Korea Targeted US Tech, Fining Coupang $410 Million

3 articles · Updated · Fox News · Jul 6

More than 50 House lawmakers, led by Rep. Darrell Issa, released a Judiciary Committee report accusing South Korea of using digital and competition rules to discriminate against U.S. tech companies, with Coupang as the central case.
$410 million in privacy penalties hit Coupang in June after a 2025 data breach involving about 3,000 accounts, a sanction the report says followed unusually aggressive scrutiny and became South Korea’s largest privacy fine.
The report says South Korea’s National Intelligence Service pushed Coupang into a covert effort to recover stolen customer data from a laptop dumped in a river in China, then denied giving that instruction after interim CEO Harold Rogers testified under oath.
Seoul rejected the allegations, saying the House report relied heavily on Coupang’s claims, that the penalty followed Korean law and due process, and that the company can challenge the decision in court.
Coupang shares have fallen more than 45% since the breach and ensuing government actions, while lawmakers and outside analysts warn broader Korean policies could hurt U.S. investors and businesses.