SEOUL, Dec. 1 (Korea Bizwire) — Days after Coupang disclosed a data breach affecting some 33.7 million customer accounts, users say they remain in the dark about what personal information was compromised, fueling anger and confusion surrounding one of South Korea’s largest-ever privacy failures. Coupang announced on Nov. 29 that names, email addresses, phone numbers, physical [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean online platforms were seen carrying out emergency reviews of their data protection status, with Coupang Inc. widely expected to face major fines following a data breach, sources said Monday. On Saturday, the U.S.-listed e-commerce giant said personal information of 33.7 million customers has been compromised, far higher [...]
SEOUL, Nov. 30 (Korea Bizwire) — Anxiety is rising in South Korea after a massive data breach at e-commerce heavyweight Coupang, which local officials said Sunday may have gone undetected for months. The U.S.-listed retailer said Saturday that personal information belonging to 33.7 million customers—virtually its entire user base—was compromised. The exposed data includes names, [...]
SEOUL, Nov. 25 (Korea Bizwire) — A new joint venture between South Korea’s Shinsegae Group and China’s Alibaba International has begun operations with major year-end promotions, signaling the start of what many in the retail sector expect will be a reshaping of the country’s e-commerce landscape. Grand Opus Holdings, the JV formed by the two companies, [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s logistics and e-commerce industries are embroiled in a fierce debate over a proposed ban on deliveries between midnight and 5 a.m., a move labor groups say is needed to protect workers’ health but businesses warn would disrupt jobs and consumer convenience. The controversy began after the Korean Confederation [...]
SEOUL, Nov. 5 (Korea Bizwire) — Coupang reported record-high sales for the third quarter of 2025, buoyed by increased customer spending on its Rocket Delivery service and rapid growth in new ventures such as its Taiwan operations and Coupang Eats. Yet analysts warn that the company’s profitability remains stagnant, with operating margins stuck in the [...]
SEJONG, Nov. 3 (Korea Bizwire) – Online shopping sales in South Korea increased 13.3 percent from a year earlier to a record high for any September, driven by strong sales of Tesla vehicles and rising demand for food services, data showed Monday. The value of online shopping transactions stood at 23.79 trillion won (US$16.61 billion) [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean retailers are gearing up for a surge in global shopping demand next month, timing major overseas promotions with U.S. Black Friday and China’s Singles’ Day as they seek to capture more spending from international consumers. W Concept, operated by Shinsegae, will run a two-week “W Week” promotion on [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean e-commerce giant Coupang has found itself at the center of a political and legal storm after a prosecutor alleged that senior officials pressured investigators to clear the company of wrongdoing in a wage-related case — a revelation that has reignited debate over prosecutorial reform and cast new scrutiny [...]
SEOUL, Oct. 6 (Korea Bizwire) — Once the exclusive domain of department stores, the competition to court South Korea’s most coveted “VVIP” customers — very, very important patrons with deep pockets and high loyalty — is heating up in the online retail world. E-commerce companies, traditionally focused on price-sensitive shoppers, are now introducing tiered membership [...]