Coupang investor that signaled ISDS claim against South Korean government buys more Coupang shares

According to The Financial News, Greenoaks Capital, an investor that has signaled an Investor-State Dispute Settlement (ISDS) claim against the Government of South Korea, has purchased additional shares in Coupang, Inc., the company’s U.S. entity, worth about 200 billion won.
Neil Mehta, a Coupang Inc. director and major shareholder, disclosed in a filing with the United States Securities and Exchange Commission (SEC) on the 13th (local time) that he bought more than 7.35 million Class A common shares between the 11th and 13th. As a result, Mehta’s holdings in Coupang have increased to more than 55.31 million shares. Based on the regular-session closing price of $18.45 on the 13th, the value of his stake is about $1.02 billion, or roughly 1.5 trillion won.
Mehta indirectly holds this stake through Greenoaks Capital Partners, the investment firm he co-founded, and related entities.
The latest share purchase came immediately after Greenoaks Capital and Altimeter Capital withdrew their petition to the Office of the United States Trade Representative (USTR) requesting an investigation under Section 301 of the Trade Act of 1974.
However, the investors stated that they intend to continue pursuing ISDS proceedings against the Government of South Korea.
clean@fnnews.com Lee Jeong-hwa Reporter