Trump Discloses Two Coupang Stock Trades in June
Key Takeaways
- •Trump sold Coupang shares on June 3 and bought more on June 24, according to the disclosure filed with U.S. ethics officials.
- •The June 3 sale was valued at between $1,001 and $15,000, while the June 24 purchase was valued at between $15,001 and $50,000.
- •Earlier financial reports showed Trump made 18 Coupang share trades from Oct. 9 to May 22 through two investment accounts.
- •The disclosure comes as U.S.-South Korea tensions continue over Seoul’s handling of a data breach involving Coupang.
- •A House Judiciary Committee interim report in July accused the South Korean government of discriminatory attacks against Coupang and other American-owned businesses.
U.S. President Donald Trump made two trades in Coupang Inc. shares in June through his money managers, according to a financial disclosure report released Friday, as tensions lingered between Seoul and Washington over South Korea's regulatory response to a massive data breach involving the U.S.-listed e-commerce company.
The report, filed with the U.S. Office of Government Ethics and released on Aug. 22, showed that Trump sold Coupang shares worth between US$1,001 and $15,000 on June 3 and bought shares worth between $15,001 and $50,000 on June 24.
The filing came after Trump's earlier financial reports this year showed that he made 18 Coupang share trades from Oct. 9 to May 22 through two investment accounts.
The disclosure adds another data point to a broader scrutiny of Coupang that has extended beyond the company itself to the political response around the breach. His transactions attracted attention as U.S. criticism has increased over South Korean authorities' handling of the Coupang data breach.
In July, the House Judiciary Committee issued an interim staff report accusing the South Korean government of "discriminatory attacks" against Coupang and other American-owned businesses, saying Coupang had been a "consistent target."
After the committee report, a White House official said Coupang was being "singled out" by South Korean President Lee Jae Myung's administration and voiced concern over what the official described as the company's "discriminatory" targeting.
