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South Korea’s Commerce Minister Yeo Han-koo, left, speaks together with his U.S. counterpart on the World Financial Discussion board in Davos, Switzerland, Jan. 22 (native time). Yonhap
Commerce Minister Yeo Han-koo stated Saturday he has careworn to U.S. commerce officers that Seoul’s investigation into e-commerce large Coupang over a serious knowledge breach ought to be handled individually from broader commerce points between the 2 nations.
Yeo made the remarks relating to Coupang to reporters at Incheon Worldwide Airport after returning to South Korea following his participation within the World Financial Discussion board in Davos, Switzerland.
Coupang, a U.S.-listed firm based by Korean American entrepreneur Kim Bom-suk, also called Bom Kim, generates about 90 % of its income in South Korea.
The minister met with U.S. Commerce Consultant Jamieson Greer on the sidelines of the Davos discussion board and exchanged views on pending bilateral commerce points.
Yeo stated he conveyed to Greer Seoul’s place that the investigation doesn’t represent discriminatory therapy in opposition to a U.S. firm and shouldn’t be elevated right into a commerce dispute.
“I defined that it’s not as a result of Coupang is a U.S. firm,” Yeo stated, including that authorities would have performed the identical non-discriminatory and clear investigation if a South Korean agency had skilled an analogous knowledge breach.
Yeo additionally met with Greer and key lawmakers from each the U.S. Senate and Home of Representatives throughout a separate go to to Washington final week to elucidate Seoul’s stance on the Coupang probe and handle considerations over South Korea’s digital regulatory setting.
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