Seoul, Feb 26 (IANS) South Korea’s antitrust regulator said on Thursday it has imposed a fine of 2.19 billion won ($1.54 million) on e-commerce giant Coupang for pressuring suppliers to lower prices and cover advertising costs to meet its target profit margins.Coupang was also found to have delayed payments to suppliers and failed to pay late interest, violating the Act on Fair Transactions In Large Retail Businesses, the Fair Trade Commission (FTC) said.The FTC issued corrective orders to addre…
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Seoul, Feb 25 (IANS) US-listed e-commerce giant Coupang said on Wednesday that around 200,000 Taiwanese accounts were leaked in a recent data breach that affected about 33 million accounts.The announcement came after Coupang requested cybersecurity firms Mandiant and Palo Alto Networks to carry out a comprehensive forensic investigation following the breach in November 2025, reports Yonhap news agency.”This was a crime committed by a former employee against Coupang and against our customers. Whi…