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Coupang's US investors drop USTR petition, still pursue arbitration under FTA

( March 10, 2026, 07:54 GMT | Official Statement) -- MLex Summary: Greenoaks Capital Partners and Altimeter Capital, US investors in e-commerce company Coupang, said Monday that they will withdraw their proposed Section 301 petition to the US Trade Representative seeking an investigation into the South Korean government’s treatment of Coupang. They added, however, that their separate efforts to pursue arbitration under the US-Korea Free Trade Agreement remain valid. In January, the investors filed a petition that called for Section 301 investigations by the USTR. Following the agency’s recent decision to launch broader Section 301 probes into unfair trade practices affecting US companies, they said pursuing a standalone petition focused on a single company would be redundant.The statement follows:...

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