On July 4, the U.S. Office of Government Ethics (OGE) released Trump’s financial disclosure documents, revealing that he executed a total of 18 trades involving Coupang common stock through two investment accounts during this period.
The transaction amounts varied, ranging from over $1,001 (approximately 1.53 million won) to under $15,000 (about 23 million won), and from over $100,001 (around 153 million won) to under $250,000 (approximately 380 million won). Although these trades represent a small portion of his overall assets, the current estimated value of his Coupang stock holdings is around $130,000 (about 2 billion won).
Trump's representatives have previously stated that he does not personally manage his investment accounts. However, the inclusion of Coupang stock in his financial disclosure is noteworthy, especially as the company has recently been mentioned in discussions regarding U.S.-South Korea trade issues.
According to the documents, Trump purchased Coupang stock on two occasions on October 9, last year, with amounts ranging from $1,001 to $15,000 and from $50,001 to $100,000. He made an additional purchase of stock valued between $1,001 and $15,000 on October 16.
On the same day, he sold Coupang stock valued between $15,001 and $50,000, and on November 10, he sold shares valued at $15,001 to $50,000 and $1,001 to $15,000, respectively. Another sale of stock valued at $1,001 to $15,000 occurred on November 17.
In December, Trump resumed buying shares. On December 11, he purchased Coupang stock valued at $1,001 to $15,000 and $50,001 to $100,000, and on December 18, he made another purchase of stock valued at $1,001 to $15,000.
In January of this year, he sold shares valued at $1,001 to $15,000 and $50,001 to $100,000 on January 12, and made an additional sale of stock valued at $1,001 to $15,000 on January 21.
In February, he made further purchases, acquiring Coupang stock valued at $100,001 to $250,000 and $1,001 to $15,000 on February 12, and an additional purchase of stock valued at $1,001 to $15,000 on February 23.
The last recorded transactions occurred in May. Trump sold shares valued between $15,001 and $50,000 on May 18 and between $50,001 and $100,000 on May 22.
Based on the maximum amounts, Trump purchased up to $280,000 worth of Coupang stock in February and sold up to $150,000 worth in May, leaving an estimated $130,000 worth of stock remaining, according to the disclosure documents.
The multiple buy and sell transactions appear to have been conducted through two separate investment accounts. The OGE documents indicate that in the 'Other Assets and Income' section, investment account 7 lists Coupang common stock valued between $50,001 and $100,000, while investment account 8 also shows Coupang common stock valued between $1,001 and $15,000.
It remains unclear whether Trump has realized any profits from these Coupang stock transactions based solely on the public records. However, the investment accounts holding Coupang stock have reported either no investment income or income of $201 or less.
Coupang has recently been mentioned in U.S. political discussions regarding platform regulations imposed by the South Korean government. On July 1, the U.S. House Judiciary Committee released a report alleging that the South Korean government discriminates against American companies, including Coupang.
* This article has been translated by AI.
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