Seoul, Dec 31 (IANS) The head of South Korea’s data protection regulator said on Wednesday that Coupang should come up with compensation acceptable for victims of its massive data leak amid strong backlash against the online retailer’s offer of vouchers and discounts.Song Kyung-hee, head of the Personal Information Protection Commission, made the call during a parliamentary hearing over the company’s data breach that affected 33.7 million users — around two-thirds of South Korea’s population, r…
Latest Coupang News & Updates
Seoul, Dec 31 (IANS) The National Assembly is set to make a decision on Wednesday that would file a complaint against the interim chief of Coupang’s Korean unit over alleged perjury amid a parliamentary hearing into the online retailer’s massive data leak that affected nearly two-thirds of South Korea’s population.The move comes a day after Harold Rogers, interim CEO of Coupang Corp., the online retailer’s Korean unit, claimed that the company conducted an internal probe into the massive data le…
Seoul, Dec 30 (IANS) Science Minister Bae Kyung-hoon on Tuesday reaffirmed that a recent data leak at Coupang affected 33 million customers in South Korea, voicing concerns over an assessment report released separately by the US-listed e-commerce giant last week.”The joint government–private sector investigation, including the Personal Information Protection Commission and the police, revealed that the names and email addresses of more than 33 million users were leaked,” Bae said during a parl…
Seoul, Dec 29 (IANS) The antitrust regulator said on Monday it has decided to fine 48 furniture manufacturers and suppliers for allegedly colluding in bids for built-in furniture ordered by construction companies.The companies will be fined a combined 25 billion won (US$17.4 million) for colluding to predetermine winning bidders or bid prices between September 2013 and May 2022, according to the Fair Trade Commission (FTC), reports Yonhap news agency.The FTC said the collusion was widespread, oc…
Seoul, Dec 29 (IANS) E-commerce giant Coupang announced a compensation plan worth more than 1.68 trillion won ($1.17 billion) on Monday following a massive personal data breach.The compensation plan comes a day after Coupang founder Kim Bom-suk issued his first public apology since the incident, which affected nearly two-thirds of South Korea’s population, reports Yonhap news agency.Under the plan, the U.S.-listed company will provide 50,000 won worth of discounts and coupons to each of 33.7 mil…
Seoul, Dec 28 (IANS) The founder of e-commerce giant Coupang, Kim Bom-suk, on Sunday apologised for a massive data breach, marking his first formal apology since the leak of personal information that affected nearly two-thirds of the population in South Korea.”As the founder and the chairman of the board, I sincerely apologise on behalf of all the employees at Coupang,” Kim was quoted as saying in a written statement issued by the company, reports Yonhap news agency.”I have caused huge frustrati…
Seoul, Dec 28 (IANS) Coupang founder Kim Bom-suk has said he would not appear for a parliamentary hearing this week over the e-commerce giant’s massive data breach, a lawmaker said on Sunday, in what would be another absence of his over the hearing over the breach that affected nearly 34 million people.Kim has submitted a statement on his non-appearance for the hearing scheduled Tuesday and Wednesday, according to Rep. Choi Min-hee of the ruling Democratic Party (DP), reports Yonhap news agency….
Seoul, Dec 27 (IANS) Shinsegae I&C, the information technology (IT) arm of retail giant Shinsegae Group, said the personal data of about 80,000 employees and subcontractors had been breached, but no customer information was compromised.”We have confirmed that personal data of our employees and staff working at our subcontractors has been leaked from our internal intranet system,” the IT company said in a notice to the press about a data breach case.The affected information includes corporate…
Seoul, Dec 25 (IANS) E-commerce giant Coupang said on Thursday it has recovered all leaked personal information involving approximately 3,000 customers, adding that no data has been transferred to anyone outside the company.In a press release, Coupang said it has identified a former employee responsible for the data leak by using forensic evidence, adding that the individual confessed and provided a detailed account of how customer information was accessed, reports Yonhap news agency.The suspect…
Seoul, Dec 25 (IANS) The presidential office was set to hold an emergency meeting with relevant government officials later on Thursday to discuss a recent data breach at e-commerce giant Coupang, informed sources told Yonhap news agency.”There is widespread understanding within the government about the seriousness of the breach,” a source said, asking not to be identified. “Given the gravity of the issue, the meeting will take place even on the holiday.”Kim Yong-beom, presidential chief of sta…