{"id":1179,"date":"2026-06-11T08:37:56","date_gmt":"2026-06-11T08:37:56","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1179"},"modified":"2026-06-11T08:37:56","modified_gmt":"2026-06-11T08:37:56","slug":"south-korea-fines-coupang-record-409-million-for-data-breach","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1179","title":{"rendered":"South Korea fines Coupang record $409 million for data breach"},"content":{"rendered":"
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The Personal Information Protection Commission\u2019s fine for Coupang Corp.\u2014the company\u2019s South Korean entity\u2014is the biggest-ever levied by the country over a personal data breach since a 134.8 billion won penalty on SK Telecom Co. last year. Under Korean regulations, the regulator can impose fines of up to 3% of annual sales.<\/p>\n

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\u201cThis incident was caused not by a sophisticated hacking method, but by Coupang\u2019s inadequate basic safety management system and negligent management,\u201d said Kyung Hee Song, the chairperson of the regulator. \u201cThe company grew rapidly by using large-scale customer data to deliver innovative e-commerce services, but investigation found that its personal information protection and management systems failed to keep pace.\u201d<\/p>\n

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Coupang, South Korea\u2019s leading online retailing platform, has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts, or about two-thirds of the country\u2019s population, undetected for months.<\/p>\n

Domestic backlash against Coupang plus multiple South Korean probes into its cybersecurity measures created friction with the U.S. After the breach, Greenoaks Capital Partners LLC, a major investor in Coupang Inc.,\u00a0urged\u00a0the U.S. government to investigate South Korea in January, over what it alleges is discriminatory treatment of the American-listed e-commerce company.<\/p>\n

South Korean lawmakers have\u00a0pushed back\u00a0what they described as U.S. political pressure over the handling of Coupang and its executives. Coupang is incorporated in the U.S. but operates one of South Korea\u2019s most widely used e-commerce platforms.<\/p>\n

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Last month, the company\u00a0warned\u00a0revenue growth will slow this year after the company issued vouchers to customers in response to the breach. Its shares have shed about 35% since the start of the year.<\/p>\n

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Coupang said it regretted the regulator\u2019s decision, which \u201cdid not fully reflect Coupang\u2019s proactive measures to prevent secondary harm following last year\u2019s data leak.\u201d<\/p>\n

\u201cOnce we receive the commission\u2019s formal written decision, we hope the facts will be clearly established through the legal proceedings,\u201d it added in a statement released after the decision was announced. Under Korean law, the company could still challenge the ruling in court.<\/p>\n

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Of the fine, 423.6 billion won was imposed for leaking personal data and 201.1 billion won for non consensual data collection, regulators said. They also imposed a separate 248 million won fine on Coupang Fulfillment Services, Coupang\u2019s logistics subsidiary, for unlawfully collecting personal information and using it to place individuals on an employment restriction list.<\/p>\n

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Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts.<\/p>\n","protected":false},"author":1,"featured_media":1178,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[235],"tags":[],"class_list":["post-1179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coupang"],"yoast_head":"\nSouth Korea fines Coupang record $409 million for data breach - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=1179\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea fines Coupang record $409 million for data breach - 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