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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Trump traded Coupang shares 18 times last year, holding up to $200 million worth

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Former U.S. President Donald Trump traded shares in Coupang, a New York Stock Exchange-listed company, 18 times between October last year and May this year.
  • Trump's team stated that his stock transactions during his presidency were managed independently and he was not involved in portfolio operations.
  • The exact profit or loss from these trades is unknown, but the maximum estimated value of Coupang shares held by Trump was approximately $130,000 (about 200 million Korean won).

Donald Trump, the former U.S. President, engaged in 18 transactions involving shares of Coupang, a company listed on the New York Stock Exchange, between October of last year and May of this year. These trades were conducted through "Investment Account #7" and "Investment Account #8" within his asset portfolio.

According to financial disclosure documents released by the U.S. Office of Government Ethics (OGE), Coupang Class A common stock was listed in Investment Account #7 with a value between $50,001 and $100,000, and in Investment Account #8 with two entries each valued between $1,001 and $15,000. While the exact number of shares and transaction prices are not disclosed in these filings, the upper limit of the reported asset values suggests that Trump's holdings in Coupang shares may have reached a maximum of $130,000, equivalent to approximately 200 million Korean won. This amount represents a relatively small portion of Trump's overall estimated net worth, which is in the hundreds of millions of dollars.

The trading activity was particularly concentrated in October of last year. On October 9th, Trump purchased Coupang shares worth $50,001-$100,000 in Account #7 and $1,001-$15,000 in Account #8. Subsequent trades in October and November included both sales and purchases, with sales from Account #7 on October 16th and November 10th, and from Account #8 on November 17th. He then resumed purchasing shares in December, acquiring more stock in both accounts.

I don't get involved in my personal finances. I have funds that manage my money. I don't even talk to them.

โ€” Donald TrumpResponding to questions about his stock trading activities while on a trip to North Dakota.

Trading continued into this year, with six transactions reported for January and February. A notable purchase on February 12th involved Coupang shares valued between $100,001 and $250,000, making it the largest single transaction identified. The most recent reported trades occurred in mid-to-late May, with sales of shares valued between $15,001-$50,000 on May 18th and $50,001-$100,000 on May 22nd.

Trump's team has consistently maintained that his stock transactions were handled by external asset managers, and that he was not involved in the day-to-day operations of his portfolio. During a trip to North Dakota, Trump stated, "I don't get involved in my personal finances. I have funds that manage my money. I don't even talk to them." White House spokesperson Anna Kelly affirmed that "the President and his family have not engaged and will not engage in any conflict of interest activities."

The President and his family have not engaged and will not engage in any conflict of interest activities.

โ€” Anna KellyWhite House spokesperson, commenting on Trump's financial dealings.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.