Treasury Must Curb China-Linked ROK Manufacturers

The House Judiciary Committee recently released a new report exposing a stunning covert operation at the heart of South Korea’s campaign against American business. South Korea’s National Intelligence Service directed a secret recovery mission inside China to retrieve a stolen laptop containing sensitive customer data belonging to Coupang, the Seattle-based U.S. company often called the “Amazon of Korea.” When Coupang’s interim CEO testified truthfully about the government’s role, South Korean officials publicly berated him and threatened perjury charges. The Korea Fair Trade Commission then hit Coupang with a record $410 million fine.