Coupang Refutes Claims of Pressuring Korean Government Through U.S. Lobbying

"Most Lobbying Activities Focus on Economic Cooperation Such as Expanding Investment and Trade"
Coupang's First Quarter Lobbying Expenses Total Approximately 1.6 Billion Won... "Significantly Lower Than Other Companies"

Coupang stated on the 24th that the allegation that it is pressuring the Korean government through lobbying the U.S. administration and Congress is "not true."

In a statement released that day, Coupang refuted, "In particular, the claim that there were discussions related to security is clearly false."

Yonhap News Agency

Coupang went on to explain, "Coupang's lobbying activities have focused on expanding investment and trade between Korea, Taiwan, Japan, and other countries, as well as increasing professional visas for Koreans. Security-related matters were not included at all. We are concentrating on communication to promote AI technology innovation, investment and job creation, and expanding cross-border commerce with countries including the United States and others."

Coupang also added, "Our lobbying expenses are significantly lower compared to major U.S. corporations and leading Korean conglomerates."

According to the first quarter report submitted by Coupang Inc., the parent company based in Seattle, Washington, Coupang spent 1.09 million dollars (approximately 1.6 billion won) on lobbying in the first quarter of this year (January to March).

The targets of these lobbying efforts included the U.S. Senate and House of Representatives, the Department of State, Department of the Treasury, Department of Commerce, Office of the United States Trade Representative (USTR), Department of Agriculture, Small Business Administration, as well as the Vice President of the United States and the President's Chief of Staff at the White House.

This content was produced with the assistance of AI translation services.