korea fair trade commission

Coupang must face Korean law Issue should not become bilateral rift

An editorial supporting the Korea Fair Trade Commission's decision to designate Coupang Chairman Bom Kim as the company's controlling shareholder, replacing a corporate entity designation. The piece argues this closes an accountability gap and criticizes both Coupang's dual posture of being local in profit but foreign in accountability, and disproportionate pressure from some US lawmakers. Both Seoul and Washington should work to prevent this corporate governance dispute from becoming a bilateral irritant.