Korea fines e-commerce giant $400m over data breach affecting millions
The record fine comes after around 37.5 million users had their private data exposed.
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The record fine comes after around 37.5 million users had their private data exposed.
South Korea's data protection regulator imposed a record fine of 624.7 billion won (US$410 million) on Coupang for a massive data breach affecting over 37 million users and unauthorized collection of online user activities.
South Korea's data protection regulator imposed a record fine of 624.7 billion won (US$410 million) on Coupang for a massive data breach affecting over 37 million users and unauthorized collection of online user activities.
South Korea's data protection regulator imposed a record fine of 624.7 billion won (US$410 million) on Coupang for a massive data breach affecting over 37 million users and unauthorized collection of online user activities.
Coupang expressed regret over the record fine imposed by South Korea's data protection regulator in connection with a major data breach and the unauthorized collection of users' online activity data.
South Korean e-commerce firm Coupang LLC was slapped with a 624.7 billion won ($409 million) fine over a massive data breach that leaked the details of over 33 million users, Korean authorities said on Thursday.
South Korean e-commerce giant Coupang faces largest penalty after leaking data of 37.55 million customers, including names and addresses.
South Korea's privacy watchdog slapped e-commerce giant Coupang with a record 624.7 billion won (US$409.3 million) in fines over a data breach that exposed the personal information of about 37.5 million people, a penalty roughly equal to the company's 2025 operating income.
South Korea's largest e-commerce platform faces the country's biggest-ever data protection penalty after a former engineer exploited internal security flaws.
South Korea will fine e-commerce giant Coupang 625 billion won ($409.30 million) over a massive leak of customer information last year and illegal collection of personal information, in the country's largest data breach penalty on a company.
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