South Korea Fines Coupang After Breach

South Korea’s Personal Information Protection Commission fined Coupang about 624.

7 billion won, or roughly $408–409 million, after finding that a former employee accessed customer data over an extended period and that the company lacked adequate safeguards and timely breach detection. The regulator said information linked to more than 30 million customers was exposed and separately penalized Coupang’s collection of online activity data without consent. Coupang disputes aspects of the findings and the affected-account count, and plans to challenge the enforcement, adding legal, investor, and U.S.-South Korea trade concerns to the privacy case.