SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s financial regulator on Thursday raised its consumer alert level to “warning” after confirming secondary damages—including voice phishing and smishing—linked to last month’s massive personal data leak at e-commerce giant Coupang. The Financial Supervisory Service (FSS) said the escalation follows a rise in reported fraud attempts exploiting public anxiety [...]
SEOUL, Dec. 18 (Korea Bizwire) — The government said Thursday it will form an interagency task force to handle the recent large-scale data breach at e-commerce giant Coupang Corp. The decision was made at a meeting of science and technology–related ministers chaired by Science Minister Bae Kyung-hoon, the government said. Led by Ryu Je-myung, second [...]
SEOUL, Dec. 17 (Korea Bizwire) — A new survey shows that nearly two-thirds of South Koreans fear a rise in phishing attempts following the massive personal data breach reported by e-commerce giant Coupang, underscoring widening public anxiety over digital security. According to a poll released Tuesday by Stealth Solution, a global cybersecurity firm, 66.9 percent of [...]
SEOUL, Dec. 16 (Korea Bizwire) — A surge of South Koreans are scrambling to determine whether their personal information is circulating on the dark web following Coupang’s massive data leak, newly released government data shows. According to figures submitted by the Korea Internet & Security Agency (KISA) to Rep. Lee Jeong-heon of the Democratic Party, users [...]
SEOUL, Dec. 11 (Korea Bizwire) — The average amount South Koreans send as mobile wedding gifts has surpassed 100,000 won (US$68) for the first time this year, reflecting changing social norms and rising costs, according to new data from KakaoPay. In its annual “2025 Money Report” released Wednesday, KakaoPay said the average transfer made through its [...]
SEOUL, Dec. 9 (Korea Bizwire) — A series of massive data leaks over the past decade, culminating in a recent breach involving 33.7 million Coupang accounts, has created a landscape in which personal information circulates widely and can now be used to reconstruct an individual’s identity and daily habits with alarming precision. While each incident may [...]
SEOUL, Dec. 8 (Korea Bizwire) — Following the disclosure that personal information belonging to more than 30 million Coupang users had been leaked, South Korea’s leading digital platforms are moving to strengthen cybersecurity, conduct internal audits and guard against potential secondary fraud, industry officials said Sunday. Major players — including Naver, Kakao and financial platform Toss [...]
SEOUL, Dec. 8 (Korea Bizwire) — A series of large-scale personal data breaches at telecommunications companies and at e-commerce giant Coupang has revived concerns that South Korean firms have little incentive to purchase cyber insurance, despite growing systemic cybersecurity risks across the economy. According to a report released Sunday by the Korea Insurance Research Institute, Kwangmin [...]
SEJONG, Dec. 3 (Korea Bizwire) — A majority of South Koreans say they feel unsafe about the risk of personal data breaches, reflecting rising anxiety amid a surge in hacking incidents and expanding digital services, according to new government data. The latest Social Survey from the National Data Office shows that 57.6 percent of respondents last [...]
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 [...]