Core Viewpoint - Coupang's major U.S. investors have requested an investigation into the South Korean government's actions against the company, alleging discriminatory treatment following a significant data breach that affected approximately 33 million users [1][6]. Group 1: Investor Actions - Greenoaks Capital and Altimeter Capital have filed for arbitration under the Korea-U.S. Free Trade Agreement (KORUS), claiming that the South Korean government has initiated a series of punitive actions against Coupang after the data breach incident [1][6]. - The investors are seeking appropriate trade relief measures from the U.S. Trade Representative's Office (USTR), which may include tariffs and other sanctions against South Korea [1][6]. Group 2: Data Breach Incident - In November 2022, Coupang reported a data breach that compromised the personal information of around 33 million users, leading to significant public and legislative backlash in South Korea, including investigations and lawsuits [1][6]. - Since the disclosure of the data breach on November 30, Coupang's stock price on the New York Stock Exchange has dropped approximately 27% [4][8]. Group 3: Government Response - South Korean President Lee Jae-myung has called for increased penalties related to the data breach, asserting that the country will handle the situation fairly according to its laws [2][5]. - South Korean Trade Minister Yeo Han-goo has stated that the government did not discriminate against Coupang and that the actions taken were necessary due to the unprecedented nature of the data breach [2][7]. Group 4: Allegations Against the South Korean Government - Investors claim that the South Korean government has launched a "whole-of-government" approach to undermine Coupang's operations, including unrelated investigations into labor, finance, and customs [3][8]. - The investors express concern over the scale and speed of the government's response, which they believe has caused significant financial losses and threatens their investment value [3][8].