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South Korean Business And Finance

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Coupang faces historic data-breach penalty as Korea tightens tech oversight
technology3 hours 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.