[Focus] U.S. lawyer, “Coupang mentions ‘government instructions’ and mobilizes conflict frame between Korea and the U.S.… ‘Dangerous strategy’ has no impact on U.S. lawsuit”
<Son Dong-hoo, American attorney (Represented New York Coupang class action lawsuit)>- Compensation plan, For crisis management and customer defection prevention..Not related to reduction of liability in U.S. lawsuit- apology letter, Korean language is the domestic opinion, The English text is aimed at US investors and courts.- English name, damage ‘korea’limited to..CoupangInc Intent to reduce responsibility- public opinion war, Coupang will only lose its credibility...Little effect on U.S. court decisions- Coupang, In America ‘Small and medium-sized enterprises/fostering target’He spreads the logic of protection, saying,- Hearing Remarks, It will remain an official statement that cannot be overturned in a U.S. lawsuit. ■ broadcast : MBC radio standardFM 95.9MHz <Kim Jong-bae's attention>(07:05~08:30)■ progress : Kim Jong-bae, current affairs critic■ talk : Son Dong-hoo, American attorney (Represented New York Coupang class action lawsuit)◎ host > Coupang Chairman Kim Beom-seok suddenly issued an apology.. Yesterday, a day before the hearing, ‘Compensation plan’They also put out something called. There is also an interpretation that this is a move to lessen the legal burden in U.S. lawsuits.. We have invited Attorney Son Dong-hoo of Daeryun Law Firm, who is representing us in class action lawsuits in the United States.. Let's talk about it. Welcome.◎ Son Dong-hoo > hello.◎ host > First of all, I think I should ask for your evaluation of this. ‘Compensation plan’This term gets caught, but, I honestly don't know if this should be considered compensation, but anyway. 1per person 5I gave this worth 10,000 won.. How do you rate it??◎ Son Dong-hoo > As someone involved in the trial, it is difficult for me to even evaluate it, but what you said was 5It is said to be compensation of 10,000 won, but from a practical perspective, this part appears to be a part of responding to crisis management to some extent and also a part to prevent customer defection, so it is difficult to see it as any kind of compensation from a legal perspective..◎ host > Then wouldn’t the scope be narrowed and the lawsuit proceed??◎ Son Dong-hoo > yes.◎ host > What impact could this have as the lawsuit progresses?, in the results?◎ Son Dong-hoo > Since I will be litigating in a U.S. federal court, from the perspective of the U.S. court, I will not see this action as any compensation or closure of recovery for damages, but rather will view it separately from the determination of legal responsibility..◎ host > In America?◎ Son Dong-hoo > yes.◎ host > The sentence is reduced because he committed certain responsible acts., For example, I wouldn't make a judgment like this.. in american court?◎ Son Dong-hoo > yes.◎ host > is it so. Isn’t there an apology issued by Chairman Kim Beom-seok?? Then Coupang's statement came out.. So what effect will the content have??◎ Son Dong-hoo > I saw it from both sides too.. I've seen both the Korean and English versions, so I think you can think of it this way.. I think we need to think more about the audience for the statements released by Chairman Kim Beom-seok at Coupang.. The Korean version is for our people., And it appears to have been targeted at a National Assembly hearing.. And in the English version, this part is actually for investors in the United States., And since it is intended for US courts, the US statement is more limited., It's narrowed down.. range.◎ host > The expression is a little different..◎ Son Dong-hoo > yes.◎ host > That's how you read it, Even the lawyer?◎ Son Dong-hoo > Since I had to read it as a lawyer rather than emotionally, I focused on how it would be read in court.. The expression was a little different..◎ host > I'm not sure about the exact wording, but in any case, the English version doesn't contain information about suspicions, measures, etc. that are taking place in Korea. ‘It is based on false facts’ I mean, I wrote it now with this nuance..◎ Son Dong-hoo > Moreover, the subject itself ‘Coupang Korea’ and ‘Korean People’ In this way, we limited the target to Korea.. Actually CoupangIncThe parent company is an American company, and the English version released in the United States is also a statement that was clearly intended to limit the victims to Korea..◎ host > Lawyer, what you said is ‘CoupangIncIt has nothing to do with it.’ Are you saying you emphasized this??◎ Son Dong-hoo > As much as possible in court, I think it was a statement made to appeal as much as possible to the fact that they also recognized that..◎ host > Then, according to American legal principles, is there any room for that to work??◎ Son Dong-hoo > At what point did they become aware of it?, I knew to some extent, How much damage, Limiting it to Korea is in line with your persuasive legal logic when you make a statement..◎ host > For example, the results of a self-investigation were released, followed by a statement and an apology.. Then, Coupang's stock price rose on the New York Stock Exchange. 6%They say it has risen above the level, but how should this be interpreted?. ate, It was effective, Should I look at it like this??◎ Son Dong-hoo > In the short term, obviously 6%The number is a very large increase, so it can be done, but it does not mean that it worked, but rather that the actual problem itself has been solved. However, the same may be true in Korea, but stock investors and the investment market itself, The stock market considers the uncertainty of CEOs and companies to be the biggest risk factor, so when we see that the company is responding to this to some extent, the stock market itself can react stably to this.. But our price rises according to the progress of the court trial., There is a risk factor that the downtrend can fluctuate sufficiently..◎ host > Perhaps Coupang made an announcement ‘This is according to government instructions’You said. According to the announcement.◎ Son Dong-hoo > yes, yes.◎ host > However, there is a controversy over the authenticity of this in Korea, so I would like to ask you about my interpretation.. If the government is brought into this, this will become a government-to-government issue, opening the way for the U.S. to respond at the government level., Is there any room for interpretation like this?. how do you see it?◎ Son Dong-hoo > That's what I think of as Robert O'Brien, Trump in the past 1The person who was the National Security Advisor during the ‘X’I think it's related to the content I posted.. We did not consider this to be Coupang Korea's mistake in leaking damage to the government, and did not specify which government it was by using the word "government.". It is a very dangerous strategy to write this part in a statement in such a way that it is making an American company participate in an investigation by the government in Korea without saying which department did this..◎ host > a risky strategy? What do you mean by dangerous??◎ Son Dong-hoo > A person who was a high-ranking official in the previous administration ‘X’It was a long but very influential statement.. Such a response will not enter into the legal judgment of the trial at all in court.. Instead, the investment market and Korean victims become more anxious.. Trust in Korean Coupang will be lost even more.. That's why I think it's a risky strategy..◎ host > Remarks by some American media and some influential figures telling people not to mess with Coupang, How should the phenomenon being claimed be interpreted??◎ Son Dong-hoo > ‘Don't mess with Coupang’I don't think I read that part very well.. In this way, as you said, the Korean government's intervention in this specific case by American corporations could have negative consequences for President Trump's efforts to make the relationship between Korea and the United States friendly so far., I confirmed that there were parts that were expressed in a roundabout way like this.. It's very unfortunate that Coupang is causing it this way.. However, I don't think you need to worry about that because it won't have much of an impact on the court's decision..◎ host > is it so. But the picture goes like this.. When an accident occurred, Coupang conducted a sincere investigation following the instructions of the Korean government, and isn't there some measure that will be taken by the Korean government later?. Nevertheless, the Korean government took this action and caused damage to Coupang., Suppress Coupang, If the narrative is structured in this way, isn't there a possibility that it will affect public opinion in the U.S. and that public opinion created in that way may also affect lawsuits in the U.S.?. how do you see it?◎ Son Dong-hoo > Coupang's parent company is located in Delaware, USA, and these are the contents disclosed by these companies. 10-KIf you look at the annual report or lobbying reports submitted to the Senate, Coupang's American company is considered a very small company., It is expressed as a small business and as a small company, it must be protected and fostered.. It's a very different strategy from Korea..◎ host > in the united states?◎ Son Dong-hoo > yes, yes.◎ host > Since it is a small and medium-sized business, it is subject to fostering..◎ Son Dong-hoo > yes.◎ host > We need to protect?◎ Son Dong-hoo > In order to protect the e-commerce platform, I lobby a lot and hire many U.S. citizens, so I am taking a strategy as a corporation to protect it.. It's a different strategy from the very aggressive one in Korea..◎ host > Are you saying that Coupang is pursuing that strategy in the United States??◎ Son Dong-hoo > yes. Therefore, how does American public opinion change regarding Coupang?, Public opinion changes enough to affect the trial., We do not address these concerns..◎ host > Only lobbying money for several years. 150I mean, I spent close to a billion won..◎ Son Dong-hoo > That's why I studied the Senate lobbying report.. Sometimes we do it quarterly, but sometimes we do it once a lot. 100more than ten thousand dollars, 15There were times when it was more than a billion won, but as I said each time, Coupang's business is a small and medium business, and since it is a small and medium-sized business, we need to foster it and foster e-commerce, so please protect it. We will also develop the local economy by doing this., Because we have continued to lobby for this purpose, it is very different from the investment business strategy in Korea..◎ host > The reason Chairman Kim Beom-seok gave for not appearing at the hearing was that Coupang is a global company., Didn’t you put it this way because you have a lot of schedules around the world??◎ Son Dong-hoo > Also, I plan my personal schedule....◎ host > In the U.S., they call themselves a small business, but in Korea, they call themselves a global company. That seems very different, so I asked..◎ Son Dong-hoo > I'm not sure why they keep delaying it like this, but I hope you come..◎ host > Please understand what kind of person Chairman Kim Beom-seok is.?◎ Son Dong-hoo > I'm also in trial, It is inappropriate to directly evaluate the person involved in the lawsuit.. We also have such a governance structure and various statements like this., And looking at the situation so far, he is a person who has invested very aggressively and achieved success in Korea, but I hope that in addition to lobbying at the US headquarters, he will also do a lot of good work and donate a lot in Korea.. I am that part.◎ host > I wish I had donated a lot, not a lot.?◎ Son Dong-hoo > yes, I hope you do a lot in Korea too..◎ host > All right. By the way, is the recruitment of litigants over?, what happens?◎ Son Dong-hoo > no. Litigants participating in U.S. federal courts, We can continue to collect manuscripts even after we submit the complaint..◎ host > Even after submitting the complaint?◎ Son Dong-hoo > You can continue to attend later.. So, unlike Korea, we do not have to continuously attach and submit litigants, so the number is continuing to increase. Please understand that there is a delay due to the fact that we have to appear in federal court to designate a representative plaintiff..◎ host > What is the size of the lawsuits raised so far??◎ Son Dong-hoo > I'm not involved in the Korean Coupang lawsuit, so I don't know much about it because I'm an American lawyer, but it seems like there are more than a thousand people in the U.S. alone..◎ host > thousands or more. So when do you plan to submit the complaint??◎ Son Dong-hoo > ASAP, The intestines are all ready.. As you said, I continued to contact people in the area until early morning today regarding eligibility as a representative plaintiff..◎ host > We had an interview with the CEO once before, and he said he would likely submit it within the year, but if it is within the year, it would be by tomorrow..◎ Son Dong-hoo > okay.◎ host > How is this possible within the year?, Submission of complaint?◎ Son Dong-hoo > We will do our best to make it possible..◎ host > It's civil now.? this.◎ Son Dong-hoo > yes.◎ host > It takes a long time. lawsuit?◎ Son Dong-hoo > The lawsuit itself takes a long time because it is in federal court..◎ host > How much do you expect?, until the results come out?◎ Son Dong-hoo > As I said, plaintiffs can continue to participate even after the complaint is submitted.. Because it is a class action lawsuit, The purpose itself is the same for most of the plaintiffs, but since there are several sporadically, it will take a long time to select the date itself.. Afterwards, the discovery procedure, This is why we do it in the US, but this process takes time..◎ host > All right. The hearing will be held for two days starting today.. It is highly likely that a government investigation will be conducted afterwards.. Looking at the current movements of Korean politics,. Can the results of the hearing or the results of the government investigation serve as reference material for litigation in the United States or have an impact on the court's judgment?, How about?◎ Son Dong-hoo > Rather than influencing judgment, what is important to us is the consistency of the statement., statement, The remarks and attitudes you made at the hearing cannot be overturned in court, rather than being accepted as is..◎ host > It's an official statement..◎ Son Dong-hoo > yes.◎ host > Then, the reason why Chairman Kim Beom-seok did not appear at the hearing may have taken that into account.. Although it is an area of interpretation.◎ Son Dong-hoo > I understand that you have made sufficient legal judgment..◎ host > I guess it's something like that.?◎ Son Dong-hoo > yes.◎ host > There is ample room for interpretation that way.. All right. I think this is where we should listen to what the lawyer says today.. Thank you.◎ Son Dong-hoo > thank you.◎ host > We were joined by attorney Son Dong-hoo of Daeryun Law Firm..[When citing content MBC <Kim Jong-bae's attention>Please indicate that this is an interview with.] [View full article]
[Focus] U.S. lawyer says, “Coupang mobilizes conflict frame between Korea and the U.S., mentioning ‘government instructions’… ‘Dangerous strategy’ has no impact on U.S. lawsuit” (Shortcut)