Seoul, Feb 12 (IANS) South Korea’s privacy watchdog said on Thursday it has fined the Korean units of luxury brands Louis Vuitton, Dior and Tiffany a combined 36 billion won ($24.9 million) over leaks of customer information.The Personal Information Protection Commission made the decision in a plenary meeting the previous day, imposing on Louis Vuitton Korea a fine of 21.4 billion won — the heaviest among the three companies — over a data breach of about 3.6 million customers, reports Yonhap n…
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Seoul, Feb 5 (IANS) SK Telecom, South Korea’ leading mobile carrier, said on Thursday its annual net profit plunged 73 per cent from a year earlier in 2025 due mainly to massive compensation costs following a data breach that affected its entire 25 million-user base.The company posted net profit of 375.1 billion won ($255.6 million) last year, compared with a profit of 1.39 trillion won in 2024, the company said in a regulatory filing. Its operating income fell 41.1 percent on-year to 1.07 trill…
Seoul, Jan 14 (IANS) South Korea’s data protection watchdog on Wednesday urged online retailer Coupang to take down its independent probe results into a massive data leak from its mobile application and website, describing them as unverified information.The Personal Information Protection Commission took issue with the company’s notice that claims a former employee breached the personal information of 33 million users but saved data from only about 3,000 accounts, which Coupang claimed was later…
Seoul, Jan 12 (IANS) Ordering a temporary suspension of business operations at e-commerce giant Coupang may be possible, the head of South Korea’s antitrust watchdog said on Monday, amid an ongoing investigation over a recent large-scale data breach at the US-listed company.”If an order is not implemented or if it is deemed insufficient to provide relief to affected consumers, a business suspension is also possible,” Ju Byung-gi, chairman of the Fair Trade Commission (FTC), said in a radio inter…
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…
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…