Seoul, Jan 24 (IANS) Trade Minister Yeo Han-koo said on Saturday he has stressed to US trade officials that Seoul’s investigation into e-commerce giant Coupang over a major data breach should be treated separately from broader trade issues between the two countries.Yeo made the remarks regarding Coupang to reporters at Incheon International Airport after returning to South Korea following his participation in the World Economic Forum in Davos, Switzerland, reports Yonhap news agency.Coupang, a U…
Latest Kim Bom-suk News & Updates
Seoul, Jan 23 (IANS) Two US investors in e-commerce giant Coupang notified the South Korean government of their intent to bring arbitration claims against it over what they called “discriminatory” acts toward the US-listed firm, and requested a US government probe into the matter.Greenoaks Capital Partners and Altimeter Capital Management took the actions, decrying South Korean authorities’ investigations into Coupang following revelations in November about a massive customer data leak, accordin…
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) 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….