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Asia Pacific Companies

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Coupang faces historic data-breach penalty as Korea tightens tech oversight
technology1 month ago

Coupang faces historic data-breach penalty as Korea tightens tech oversight

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.

Chip costs cloud Nintendo’s Switch 2 hopes as stock slides
technology2 months ago

Chip costs cloud Nintendo’s Switch 2 hopes as stock slides

Nintendo’s stock has fallen about 45% as higher memory-chip prices threaten Switch 2 margins and possible price increases, even as the console shows momentum. By December, Switch 2 sales reached 17.4 million, nearly matching the original’s 17.8 million in its first 13 months, with Pokémon Pokopia posting 2.2 million in four days. Analysts warn memory-supply tightness could persist into 2028, prompting forecast cuts or price hikes, while a June Nintendo Direct and potential Zelda or Mario titles could be crucial to sustaining demand.