Korea data crackdown, tariffs, Coupang dispute

Timeline

1. 2 days ago

   [POLITICS] 2 sources

   South Korea seeks to stave off new US tariffs and soothe Coupang dispute

   South Korea negotiates with the US to avoid additional Section 301 tariffs over forced‑labor rules and to counter US claims of bias against e‑commerce firm Coupang, seeking to keep bilateral trade stable.

2. 4 days ago

   [POLITICS] 2 sources

   South Korean Government Refutes US House Report Claiming Discrimination Against Coupang

   South Korea formally rejected a US House report accusing it of discriminating against Coupang, stressing factual inaccuracies and non‑discriminatory regulation while seeking corrections.

3. 6 days ago

   [INTERNATIONAL] 10 sources

   South Korean Industry Minister Kim Jung-kwan visits US to discuss tariffs and $350 bn investment

   South Korea’s Industry Minister Kim Jung-kwan visited Washington to discuss Section 301 tariffs, push a $350 bn U.S. investment plan (first energy project expected Aug‑Sept), and open a joint shipbuilding‑co‑op

4. 7 days ago

   [BUSINESS] 2 sources

   US Tariff Shift Threatens Korea's 15% Trade Cap

   The US 10% global tariff expires on May 24; USTR plans Section 301 duties on Korea for forced labour and over‑production, risking a tariff above the 15% ceiling agreed with Seoul.

5. 7 days ago

   [POLITICS] 3 sources

   South Korea says Coupang fine won’t stall US trade and security talks

   South Korea says the $422 million Coupang fine over a 33 million‑record data leak isn’t delaying US trade, investment or security talks, noting the issue is being handled alongside broader bilateral matters.

6. 8 days ago

   [POLITICS] 2 sources

   South Korean lawmaker Yoon Jun-byeong proposes tech protection and beach price‑gouging bills

   South Korean legislator Yoon Jun-byeong proposes bills to curb tech theft from SMEs with higher fines and to forbid illegal beach price‑gouging through fee transparency and enforcement measures.

7. 9 days ago

   [POLITICS] 2 sources

   South Korea public backs tougher penalties for core tech leaks

   A Korean business federation survey shows 92% of citizens see core tech leakage abroad as serious and 90% back tougher penalties and an economic‑security legal framework.

8. 9 days ago

   [POLITICS] 2 sources

   South Korean Industry Minister Kim Jung-kwan visits US to discuss shipbuilding cooperation and Coupang dispute

   Korea’s industry minister Kim Jung-kwan visited Washington, attended the KUSPC opening, met Commerce Secretary Howard Lutnick, and sought to manage the shipbuilding partnership and the contentious Coupang data‑

9. 9 days ago

   [POLITICS] 4 sources

   South Korea‑U.S. Tensions Rise Over Coupang Data‑Leak Fine

   South Korea fined Coupang $422 million over a data breach, sparking U.S. criticism and raising concerns about a $350 billion investment pledge, submarine plans, and broader bilateral ties.

10. 10 days ago

    [TECHNOLOGY] 3 sources

    Ha Jung-woo warns AI will cut jobs, urges tax revenue to fund youth and regional growth

    Former AI chief Ha Jung-woo said AI will inevitably cut jobs and cause K‑shaped inequality, urging excess AI tax revenue be used for youth and regional development, and that Korea should become an intelligence‑

11. 12 days ago

    [INTERNATIONAL] 2 sources

    South Korea's fine on Coupang deepens US‑Korea tensions

    South Korea fined Coupang for a data leak, sparking U.S. criticism over alleged discrimination, while Seoul asserts the probe is lawful and unrelated to security and investment ties.

12. 12 days ago

    [POLITICS] 8 sources

    South Korean President Lee Jae‑myung outlines AI, housing, privacy and stock‑valuation reforms

    President Lee Jae‑myung announced AI strategy, called for more staff to curb illegal subcontracting, warned of digital sexual abuse growth, pushed privacy‑breach penalties and a stock‑valuation law, while a 52%

13. 12 days ago

    [BUSINESS] 2 sources

    Coupang defends US lobbying as scrutiny intensifies

    Coupang says its US lobbying is legal communication, after spending $250K via Trump‑linked Ballard Partners amid U.S. criticism of South Korea’s data‑leak probe.

14. 14 days ago

    [BUSINESS] 5 sources

    South Korean court suspends FTC control designation of Coupang founder Kim Bom

    Seoul High Court has suspended South Korea's FTC designation of Coupang founder Kim Bom as controlling person, pausing disclosure obligations pending the main lawsuit.

15. 17 days ago

    [BUSINESS] 3 sources

    South Korea’s non‑tariff actions threaten US firms, $500 billion loss

    A U.S. committee reports South Korea’s coordinated regulatory crackdown on American firms could cause $500 billion in losses and $3,800 per household impact, amid broader Asian non‑tariff barriers.

16. 19 days ago

    [BUSINESS] 2 sources

    Kakao Pay raided by South Korean police over alleged transfer of 542 billion personal records to China's Alipay

    South Korean police raided Kakao Pay's HQ over claims it sent personal data of ~40 million users (542 billion records) to China's Alipay without consent, prompting investigations and prior hefty fines.

17. 21 days ago

    [BUSINESS] 3 sources

    South Korea levies $410 million fine on Coupang amid regulatory crackdown

    South Korea fined Coupang $410 million after a data breach and a disputed laptop recovery in China, prompting CEO changes and a U.S. House report accusing Seoul of targeting American firms.

18. 23 days ago

    [BUSINESS] 6 sources

    Donald Trump’s Coupang stock trades disclosed amid US‑Korea tension

    Donald Trump’s financial disclosure reveals 18 Coupang stock trades (Oct 2022‑May 2023), valuing up to $280K, amid U.S. lawmakers’ criticism of South Korea’s handling of the company’s data breach.

19. 24 days ago

    [POLITICS] 3 sources

    South Korean lawmakers criticize US House report on Coupang data breach

    South Korea’s Democratic Party denounced a U.S. House report that called its Coupang data‑breach hearing discriminatory, calling the critique unfounded.

20. 26 days ago

    [POLITICS] 2 sources

    US Committee Claims South Korean Bias Against Coupang

    US House Judiciary Committee says South Korean authorities discriminated against US‑based Coupang, launching multiple investigations after a data breach and allegedly coercing a laptop‑recovery operation, which

21. 26 days ago

    [POLITICS] 2 sources

    South Korea rejects US claim of discrimination against Coupang

    South Korea’s government and ruling party reject a U.S. House report alleging discrimination against Coupang over a data breach affecting 33.8 million users, calling the claims untrue and emphasizing routine, N

22. 30 days ago

    [BUSINESS] 4 sources

    Coupang raises information‑security spending to record 1.35 trillion won

    Coupang boosted its 2024 information‑security spend to 1.35 trillion won, a 51.6 % rise, and grew its security staff 75 % to 370 employees, keeping its lead in Korean retail security investment.

23. about 2 months ago

    [BUSINESS] 2 sources

    South Korea fines Coupang $409 million over massive data breach

    South Korea's regulator fined Coupang a record 625 billion won (≈$409 m) for a breach exposing over 30 million customers' data and illegal data collection, leading to the CEO's resignation.

24. about 2 months ago

    [BUSINESS] 5 sources

    Coupang hit with record 6.2‑trillion‑won fine over massive data breach

    Korea’s privacy regulator fined Coupang a record 6.2 trillion won for massive data breaches and illegal data collection, prompting a legal challenge and sparking US‑Korea trade‑friction concerns.

25. about 2 months ago

    [BUSINESS] 2 sources

    Coupang hit with record 423.6 trillion won fine for massive data breach

    Coupang was fined a record 423.6 trillion won by South Korea's regulator for a data breach affecting 37.5 million users and illegal data collection, sparking US‑Korea tension.

26. about 2 months ago

    [BUSINESS] 2 sources

    Coupang fined 6.2 trillion won by South Korean regulators

    Coupang was fined 6.2 trillion won by South Korean regulators, indicating increased oversight of large e‑commerce firms.

27. about 2 months ago

    [BUSINESS] 7 sources

    Coupang hit with record $410 million fine in South Korea over massive data breach

    South Korea fined Coupang a record 625 billion won (~$410 million) for a breach exposing over 33 million customers’ data and illegal collection of online activity, citing safety lapses and delayed reporting.