Over 50 House members accuse South Korea's new left-wing government of attacking US companies, favoring China

By Fox News · Fox News

FIRST ON FOX: Members of Congress blasted South Korean leadership over a "left-wing government closely aligned with China," that they accused of "attacking" American companies and showing favoritism to Chinese-led businesses. In a letter led by Rep. Darrell Issa, R-Calif., more than 50 members of the House of Representatives expressed their concern to Republic of Korea (ROK) Ambassador to the United States Kyung-wha Kang over what they deemed to be "discriminatory" business practices from the ROK. "Many American tech companies have faced a range of regulatory actions that seek to punish them while shielding Korean domestic competition," the letter reads. "Recent research by think tank Competere shows such regulatory actions by the ROK government will cost $1 trillion in combined economic damage to the U.S. and Korean economies over the next 10 years, with the U.S. economy losing $525 billion and American households losing nearly $4,000 each." "We are committed to ensuring that your government ceases its persecution of Coupang and other American companies operating in South Korea," the letter continues. "The stakes for American economic and security interests are enormous." CHINA'S AI DEEPSEEK FACES HOUSE PROBE OVER US DATA HARVESTING, CCP PROPAGANDA Issa sat down with Fox News Digital to discuss the letter and what’s at stake for U.S. companies if the ROK continues its alleged bias. "South Korea is still an important strategic partner, but their last election led to a left-wing government closely aligned with China that, among other things, has begun attacking American companies, companies as large as Meta, but also one that you probably don't know called Coupang, who they're basically the Amazon of South Korea," Issa told Fox News Digital. "But they're owned by and founded by a Korean-American and they have been systematically attacked quite frankly, probably because they're an American company and effectively a unicorn in South Korea," Issa added. "We're seeing t…