Overview
- Abrams Capital, Durable Capital Partners and Foxhaven adopted the notice filed by Greenoaks and Altimeter, creating a five‑firm coalition holding about 6.26% of Coupang.
- The investors allege discriminatory and selective enforcement by South Korean authorities after Coupang’s breach and say U.S. shareholders suffered billions in losses.
- Greenoaks and Altimeter have also asked the U.S. Trade Representative to open a Section 301 review, raising the prospect of trade remedies.
- South Korea rejects the claims of bias and says the Justice Ministry’s interagency team will handle the notices, which are a pre‑litigation step that triggers consultations.
- U.S. scrutiny is mounting as the House Judiciary Committee subpoenaed Coupang and plans to hear from interim CEO Harold Rogers on Feb. 23, while tariff threats reported in U.S. media underscore broader trade tensions.