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Coupang’s Shanghai river laptop dive fuels US-Korea tech tensions
business9 days ago

Coupang’s Shanghai river laptop dive fuels US-Korea tech tensions

A House Judiciary Committee report alleges South Korea’s National Intelligence Service pressured Coupang to retrieve a stolen laptop from a Shanghai river as part of investigating a November data breach affecting 33 million customers; Coupang complied under orders, later facing a $410 million penalty for illegal data harvesting, while Seoul denies involvement—highlighting a broader, hardening regulatory climate for US tech firms in Korea and growing US-Korea tech policy frictions.

via New York Post|
#business#coupang#data-breach
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.

via Financial Times|
#asia-pacific-companies#coupang#data-protection
world5 months ago

Coupang becomes a flashpoint in Trump’s digital trade push

Coupang, South Korea’s largest online retailer nicknamed the 'Amazon of Asia,' has actively aligned with the U.S. on digital policy and expanded its Washington lobbying, making it a focal point as the Trump administration pursues tariffs and Seoul advances digital regulations that critics say discriminate against American firms; despite a tentative trade deal, Coupang’s data breach and related investigations keep the U.S.–Korea digital policy debate in flux.

via Politico|
#coupang#digital-policy#lobbying
US investors press KORUS challenge over Coupang actions in Korea
business5 months ago

US investors press KORUS challenge over Coupang actions in Korea

U.S. investors led by Altimeter and Greenoaks accuse South Korea of violating the U.S.–Korea Free Trade Agreement by discriminating against Coupang in response to a 2025 data breach; the case triggers a 90-day cooling-off period that could lead to KORUS arbitration, while a separate 45-day clock under Section 301 could prompt a formal investigation, with more Coupang investors potentially joining.

via Axios|
#business#coupang#greenoaks
Major Stock Market Movers: Nvidia, Micron, Nike, Tesla, Biohaven, Coupang, and More
finance6 months ago

Major Stock Market Movers: Nvidia, Micron, Nike, Tesla, Biohaven, Coupang, and More

Stock markets saw mixed movements with Nvidia rising 2% after licensing AI technology from Groq, Coupang surging 8.8% following an internal cybersecurity investigation, and Lam Research approaching record highs. Tesla declined 1.3% amid safety concerns, while Moderna dropped 4.6% as its pandemic vaccine stock continued to decline. Other notable movements included Nike, Micron, and Newmont, with the market volume remaining thin due to the holiday season.

via Barron's|
#coupang#finance#lam-research
Coupang Faces Backlash Over Massive Data Breach
business7 months ago

Coupang Faces Backlash Over Massive Data Breach

Coupang's founder Kim Bom-suk has avoided accountability for a massive data breach affecting 33.7 million customers, highlighting issues with the company's governance structure that allows him to maintain control while shirking responsibility. The incident has sparked public outrage, legal actions, and calls for greater oversight, but Kim remains absent from accountability processes, raising concerns about corporate ethics and social responsibility.

via The Korea Times|
#business#corporate-governance#coupang
Coupang apologizes for massive data breach affecting 33.7 million customers
technology7 months ago

Coupang apologizes for massive data breach affecting 33.7 million customers

South Korea's largest online retailer Coupang suffered a massive data breach exposing nearly 34 million customer accounts, including personal details like names and addresses, but not payment information. The breach, believed to have started in June via an overseas server, is under investigation, and the company has apologized, warning customers to be cautious of scams. This incident is part of a series of cybersecurity breaches affecting major South Korean firms this year.

via BBC|
#coupang#cybersecurity#data-breach
"JPMorgan's Decline Sparks Stock Futures Slide and Investor Concerns"
finance2 years ago

"JPMorgan's Decline Sparks Stock Futures Slide and Investor Concerns"

Dow Jones futures fell on concerns of a wider Mideast conflict and JPMorgan's impact, while Tesla stock dipped as a long-time bull warned of potential setbacks with its robotaxi plans. Additionally, Coupang saw a jump in stock price following a membership fee increase, and China's order for telecoms to phase out foreign chips affected Intel and AMD stocks. Nvidia stock edged lower after recent gains, and the market rallied with tech stocks leading the way. Bank earnings from JPMorgan, Wells Fargo, Citigroup, and BlackRock were also in focus, with JPMorgan beating first-quarter views but keeping its full-year outlook below analyst forecasts.

via Investor's Business Daily|
#coupang#dow-jones-futures#finance
"AI Gold Rush: Next Big Stocks to Buy Beyond Nvidia"
finance2 years ago

"AI Gold Rush: Next Big Stocks to Buy Beyond Nvidia"

Goldman Sachs analysts recommend diversifying portfolios by investing in AI beneficiaries beyond high momentum stocks. They specifically suggest considering Pinterest, a visually oriented social media platform with a focus on AI technology, Coupang, a Korean e-commerce leader utilizing AI-powered machine learning, and Amazon, a global online retail giant with a wide range of AI-driven services. These companies have shown strong financial performance and are expected to benefit from the broadening AI trade.

via Yahoo Finance|
#ai-stocks#amazon#coupang