The Korea Times
More than 50 U.S. Republicans have urged South Korea to halt what they describe as a "targeted assault" on American companies, including Coupang Inc., through discriminatory regulations, calling it an "unacceptable" move that could risk helping Chinese firms gain market dominance. The lawmakers made the call in a letter to South Korean Ambassador to the U.S. Kang Kyung-wha on Monday (U.S. time), calling on Seoul to honor its commitment to avoid unnecessary legal and policy barriers in line with the summit agreements reached between the two countries' leaders last year. "We are deeply concerned by the ROK government's targeted and discriminatory actions against U.S. companies," the letter from 54 members of the Republican Study Committee showed. ROK is short for South Korea's official name, the Republic of Korea. "Many American tech companies have faced a range of regulatory actions that seek to punish them while shielding Korean domestic competition," it read. Citing Coupang Inc., the U.S.-listed e-commerce giant that has faced intense scrutiny in Korea over its massive data leak of more
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