Brad Gerstner Takes On South Korea Government Over Coupang Investment: 'America First Means A Level Playing Field'

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Jan 24

Two American investors are suing South Korea's government over alleged unlawful practices used to hurt Coupang Inc (NYSE:CPNG). Here's why they filed the lawsuit and how much they've lost on their ...

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Here's why they filed the lawsuit and how much they've lost on their ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/26/01/50105355/brad-gerstner-takes-on-south-korea-government-over-coupang-investment-america-first-means-a-level-playing-field\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brad Gerstner Takes On South Korea Government Over Coupang Investment: 'America First Means A Level Playing Field'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrad Gerstner Takes On South Korea Government Over Coupang Investment: 'America First Means A Level Playing Field'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-24 01:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asia/26/01/50105355/brad-gerstner-takes-on-south-korea-government-over-coupang-investment-america-first-means-a-level-playing-field><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two American investors are suing South Korea's government over alleged unlawful practices used to hurt Coupang Inc (NYSE:CPNG). Here's why they filed the lawsuit and how much they've lost on their ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asia/26/01/50105355/brad-gerstner-takes-on-south-korea-government-over-coupang-investment-america-first-means-a-level-playing-field\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://www.benzinga.com/markets/asia/26/01/50105355/brad-gerstner-takes-on-south-korea-government-over-coupang-investment-america-first-means-a-level-playing-field","article_id":"2605407849","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/23/South-Korea-Flag-Waving-Against-Clean-Bl.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/asia/26/01/50105355/brad-gerstner-takes-on-south-korea-government-over-coupang-investment-america-first-means-a-level-playing-field","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2605407849","pubTimestamp":1769190180,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Two investors in ecommerce company Coupang have filed a suit against the South Korean government. Here's the unique international battle.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4122":"互联网与直销零售","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","CPNG":"Coupang, Inc.","BK4548":"巴美列捷福持仓","BK4588":"碎股","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4220":"综合零售","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC"},"translate_title":"布拉德·郭士纳(Brad Gerstner)就Coupang投资问题与韩国政府较量：“美国优先意味着公平的竞争环境”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPNG":1.5},"content_text":"Two American investors are suing South Korea's government over alleged unlawful practices used to hurt Coupang Inc (NYSE:CPNG). Here's why they filed the lawsuit and how much they've lost on their investments in the ecommerce company since the end of the third quarter.\nWell-known investor Brad Gerstner, who often invests in technology stocks, filed arbitration claims against the government of South Korea, related to the actions against ecommerce company Coupang.\nGerstner leads Altimeter Capital Management, which is an investor in the company.\nGreenoaks, another Coupang investor which is led by Neil Mehta, also filed claims against the South Korean government, as reported by Axios.\nAlong with the claims against the South Korean government, Greenoaks and Altimeter are also asking the U.S. Trade Representative to investigate the matter.\nAs an ally of the United States, South Korea faces claims centering on the U.S.-Korea Free Trade Agreement and the partnership between the two countries. The claims allege that South Korea discriminated against Coupang, which is based in Seattle but does the majority of its business in South Korea.\nThe investors use comments from South Korea Prime Minister Kim Min-seok in the complaint, including the government official saying that law enforcement should use \"the same determination used to wipe out mafias\" when looking at Coupang.\nThe investors say the government was too aggressive in punishments for a 2025 data breach by Coupang, actions that may have boosted Chinese competitors.\n\"I doubt the administration & Congress are going to let a U.S. company be unfairly destroyed by our presumptive ally South Korea just bc they favor a local company. It's a terrible precedent. America First means a level playing field for our companies,\" Gerstner tweeted, while also tagging U.S. Secretary of Commerce Howard Lutnick.\nGerstner's tweet came in response to a post from investor Joe Lonsdale, who shared the Axios story.\n\"S Korea's government is making a huge mistake following in China's footsteps and illegally harassing a U.S. company to favor Chinese tech giants,\" Lonsdale tweeted.\nLonsdale said Korea's president has to decide if hurting trade relations with the United States is worth \"advancing CCP interests.\"\n\"Business with the USA must be free and fair. We don't tolerate discrimination and bullying.\"\nGreenoaks founder Mehta said that \"trade agreements are only as strong as our willingness to stand up for them.\"\nMehta said that international competition should be \"governed by rules, not the whims of politicians.\"\nThe complaint from the two investors starts a 90-day cooling off period for South Korea that could lead to \"self-correction\" or to a hearing, according to the report. The letter to the U.S. Trade Representative also starts a 45-day clock that could lead to an investigation under the U.S. Trade Act.  \nAltimeter Capital owned 10,024,584 shares of Coupang at the end of the third quarter, according to 13Finfo.\nThe investment was worth $322,791,000 at the end of the quarter. With Coupang shares dropping since the end of September, the stake is now worth $199,088,238, down over $123 million. Altimeter is down over 38% on the shares since the end of the third quarter.\nGreenoaks owned 15,377,927 shares at the end of the third quarter. The stake, which was worth $495.17 million at the end of the third quarter, is now worth $305,405,630. Greenoaks stake is down $189.76 million since the end of the third quarter.\nIn the Greenoaks fund, the Coupang stake was one of the top holdings at the end of the third quarter, representing 16% of the investments. For Altimeter, the Coupang stake was around 4.3% of the assets at the end of the third quarter.\nOn Wednesday, South Korean President Lee Jae Myung said the country will address the issue fairly, as reported by Reuters.\nYeo Han-koo, South Korea's Trade Minister, previously said the country's government was not discriminating against Coupang. The government official met with a U.S. trade representative and members of Congress earlier this month.\n\"If a Korean company doing business in the U.S. caused such a large-scale information leak in the U.S., the U.S. would naturally do the same, and I clearly explained this and U.S. officials understood that,\" Yeo previously said.\nPhoto: railway fx on Shutterstock.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}