Coupang Investors Call for U.S. Probe of South Korean Handling of Data Leak, Sen. Mike Lee Alleges ‘Persecution’

Two major investors in Coupang on Thursday urged the Trump administration to investigate the South Korean government as Sen. Mike Lee (R-UT) accused South Korea of “unprecedented persecution.”

Greenoaks and Altimeter, two tech investors in the e-commerce company, said that they have filed arbitration claims against South Korea under the U.S.-Korea Free Trade Agreement, or KORUS, accusing the country of a witch hunt against Coupang after there was a major consumer data breach that led to billions of dollars in losses for investors.

“Trade agreements are only as strong as our willingness to stand up for them, and we are acting today to ensure that international competition is governed by rules, not the whims of politicians,” Neil Mehta, the Greenoaks founder and managing