South Korea rejects US report on Coupang crackdown, raising tariff-tension risk
South Korean officials have dismissed a House Judiciary Committee GOP report accusing them of unfairly targeting Coupang, the Seattle-based e-commerce firm often called Korea's Amazon, over a data breach. The report followed South Korean hearings, threats of criminal charges against Coupang's interim CEO, and a record data-privacy fine, actions Coupang says were disproportionate to what it calls a minor breach. Congressional sources and people close to Coupang tell CNBC the standoff is now souring US-South Korea relations and could trigger retaliatory measures.