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Games & Commerce

Coupang U.S. investors petition USTR for arbitration, say Korea discriminates

Major U.S. investors in Coupang have called on the U.S. government to investigate what they described as unfair South Korean regulation of the company and to pursue trade relief measures including tariffs. Greenoaks and Altimeter filed a petition with the Office of the U.S. Trade Representative, foreign media reported. The investors said Korean authorities were taking discriminatory administrative actions against Coupang after a personal data leak, leading to multibillion-dollar losses.

Crypto

Bitcoin stalls as gold surges; best portfolio may hold both

As international gold prices approach $5,000 and extend a record rally, debate has reignited over bitcoin’s relationship with gold. Some analysts and investors argue the two assets are complementary hedges rather than rivals, saying blended allocations can lift portfolio performance. Others note bitcoin has not followed precious metals higher and is not yet fully accepted as a traditional safe haven. Views diverge on volatility and limits.

Finance

Lee Jae-myung, Democratic Party to accelerate third Commercial Code revision

South Korea’s Democratic Party KOSPI 5000 Special Committee said it reached agreement with President Lee Jae-myung over lunch at Cheong Wa Dae to move quickly on a third revision of the Commercial Code. The revision includes mandatory cancellation of treasury shares. The committee said the party and Cheong Wa Dae shared the view that institutional reforms should continue to strengthen the capital market. It also discussed a so-called stock-price suppression prevention law and duplicate listings.