South Korea hits e-commerce giant Coupang with record US$409 million fine for data breach
South Korea imposed on Thursday a record US$409 million fine on e-commerce giant Coupang over a leak that exposed the data of more than 30 million customers, provoking ire from US lawmakers.
The move caps a months-long probe into the country’s largest online retail platform, which is incorporated in the United States.
Allegations of a massive data leak first surfaced in November, becoming an unexpected source of friction between Seoul and Washington.
“We have decided to impose a total of 624.68...
South Korea Fines Coupang for Data Breach
- South Korea fines Coupang $408m over biggest data leak in country’s history Al Jazeera —
- S Korea fines e-commerce giant Coupang record $525 million over data leak The Straits Times —
- ‘South Korea’s Amazon’ hit with record fine over data breach Financial Times —
- Coupang fined record W624.7b over massive data breach, unauthorized data collection The Korea Herald —
- Coupang hit with record W624.7b privacy fine The Korea Herald —