Donald Trump, the U.S. president, bought and sold shares in Coupang, the Korean e-commerce company listed on the New York Stock Exchange, 18 times between October 2024 and May 2025, according to financial disclosure records released by the U.S. Office of Government Ethics (OGE).
The trades were spread across two investment accounts. One held Coupang Class A common stock valued between $51,000 and $100,000; the other carried two separate positions each valued between $1,001 and $15,000. Because U.S. disclosure rules require only value ranges rather than exact figures, the precise total and any profit or loss cannot be determined. Reported income from the holdings was listed as none or under $201. The maximum estimated balance across both accounts at any one point was about $130,000, a modest slice of a portfolio that sources estimate at several hundred million dollars or more.
The largest single reported transaction, a purchase on Feb. 12, 2025, fell in the $101,000 to $250,000 range. That month, a U.S. House Judiciary Committee panel heard closed-door testimony from Coupang's Korea interim chief.
Trump said on July 1 that he does not manage his personal finances and does not speak with the funds that run his money. White House spokesperson Anna Kelly said the president and his family have not engaged and will not engage in conflicts of interest. Critics note, however, that unlike predecessors who used blind trusts, Trump can view his portfolio at any time.
The potential conflict of interest is sharpened by the political backdrop. The White House has publicly sided with Coupang, stating that 'by any reasonable standard' the company is being targeted by the Lee Jae-myung government. A House report released July 1 alleged that Korean authorities have discriminated against U.S. companies, with Coupang as a central example.
Two senior administration officials separately disclosed pre-appointment financial ties to Coupang. Jamieson Greer, the U.S. Trade Representative who handles Korean trade matters, reported receiving $10,000 from Coupang as a speaking or consulting honorarium in May 2024, while still a partner at a law firm. Allison Hooker, the under secretary of state for political affairs overseeing Korea policy, disclosed consulting work for Coupang before taking office, according to Maeil Business News Korea; the precise sum was not made public, but U.S. rules require disclosure only above $5,000 annually.