Coupang, Unknown to Most Americans, Influences International Relations
The U.S. media outlet Politico reports on how Coupang, a South Korean e-commerce giant unknown to most Americans, is influencing Korea-U.S. relations.
The American media outlet Politico has published an article highlighting the significant influence of Coupang, a South Korean e-commerce company, on Korea-U.S. relations, despite the fact that most Americans have never used its services. The article, titled 'A Company Most Americans Have Never Used but Has Become a Player in Washington,' discusses how Coupang has gained the support of Republican lawmakers and the Trump administration, particularly in the context of trade tensions between the U.S. and South Korea. Politico notes that there are ongoing disputes related to tariff reductions and a $3,500 investment agreement from the South Korean government to the U.S., which are at risk due to rising support for Coupang within the realm of American politics.
The article also touches on the lobbying efforts that Coupang has been making in Washington, noting that it has involved itself actively in American politics, particularly during the Trump administration. A significant aspect mentioned is Jim Jordan, a Republican member of the House of Representatives, who has called for an investigation into discrimination against American companies by the South Korean government in relation to Coupang. This response from U.S. lawmakers indicates that there is growing scrutiny surrounding Coupang's operations and its perceived alignment with American political interests.
Moreover, Politico highlights Coupang's strategic hiring of lobbyists with ties to the Trump administration and influential political figures, such as Alex Wong and Kevin Warsh. This calculated move signifies Coupang's dedication to enhancing its influence in U.S. policy-making circles, with lobbying expenditures projected to reach $3.3 million in 2024. Overall, this situation paints a complex picture of how a foreign e-commerce entity is entangled in the intricate web of international relations and domestic political maneuvering in the United States.