Coupang faces historic data-breach penalty as Korea tightens tech oversight
TL;DR
South Korea fined Coupang 624.6 billion won ($409 million) for a data breach that exposed the personal information of roughly two-thirds of the population, the largest such penalty in the country; authorities said security controls were lax and response was delayed, triggering leadership changes and fueling broader debates over US-Korea tech regulation.
Topics:businesstechnology#asia-pacific-companies#coupang#data-protection#south-korean-business-and-finance#technology#technology-sector
- ‘South Korea’s Amazon’ hit with record fine over data breach Financial Times
- Korea fines e-commerce giant $400m over data breach affecting millions BBC
- ‘Amazon.com of South Korea’ Is Fined a Record $409 Million The New York Times
- South Korea fines Coupang $409 mln in country's largest data breach penalty Reuters
- South Korea Fines Coupang $409 Million for Large-Scale Data Leak Bloomberg.com
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