Coupang NYSE:CPNG was down 0.17% in premarket after the U.S. House Judiciary Committee released an interim report alleging South Korea conducted a coordinated regulatory assault on the Seattle-based e-commerce company following a 2025 data breach. More than 10 South Korean agencies initiated dozens of unrelated investigations into Coupang after the breach became public, issuing over 4,000 document requests and conducting at least 652 interviews with company employees. The committee characterized the campaign as a "whole-of-government assault on Coupang" that directly violates a bilateral trade agreement.
The breach involved a former employee accessing customer information linked to as many as 33.7 million accounts, though Coupang later said the person only retained data related to approximately 3,000 accounts. The report also alleged South Korea's National Intelligence Service directed Coupang to send an employee to China to retrieve devices from the former employee, including hiring divers to recover a discarded laptop from a river. The NIS denied directing those efforts.
South Korea's foreign ministry called the report one-sided, saying allegations of discrimination against Coupang and other U.S. companies were untrue. Coupang said it regretted the circumstances that led to the investigation and is seeking a constructive resolution.