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.
Coverage by Political Leaning
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Notable Quotes
"Coupang is a company that grew dramatically by offering an innovative e-commerce service based on large-scale customer information, but our investigation confirmed that it did not have a system to protect and manage personal information commensurate to that."
— Song Kyung-hee , Executive
"The investigation found that this incident happened not by sophisticated hacking, but due to Coupang's inadequate safety management system."
— Song Kyung-hee , Executive
"clarify the facts through legal procedures"
— Coupang , Executive
"The commission's conclusion did not sufficiently reflect the company's proactive measures taken to prevent secondary damage following last year's data leak incident, nor its explanations based on a clear understanding of the facts."
— Coupang , Executive
"Coupang also rejected the commission's claim that it failed to adequately oversee its advertising partners."
— Coupang , Executive
"The investigation confirmed that this incident occurred due to Coupang’s negligence in managing personal information protection."
— Song Kyung-hee , Executive
Key People
Coupang is a major South Korean e-commerce platform.
Interim CEO of Coupang following the resignation of Park Dae-jun.
Former boss of Coupang who resigned after a data breach incident.
Head of South Korea's Personal Information Protection Commission.
Tags
All Coverage
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.
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.
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.
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