SEOUL, Feb. 5 (Korea Bizwire) – E-commerce giant Coupang Corp. said Thursday it has discovered a data leak of personal information from more than 165,000 customer accounts linked to an incident it first identified in November last year. The latest figure far exceeds the 3,000 accounts Coupang initially reported based on an internal probe, further [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s e-commerce market is showing signs of shifting momentum after a major data breach at Coupang, with new app downloads slowing for the country’s largest online retailer even as a key rival gains ground. According to data released Wednesday by IGAWorks’ Mobile Index, Coupang recorded 467,641 new app installations [...]
SEOUL, Jan. 27 (Korea Bizwire) — Public criticism of Coupang, South Korea’s dominant e-commerce platform, is intensifying, spreading beyond small merchants to consumer, labor and civic groups, as concerns mount over corporate power, data security and the company’s ties to U.S. political influence. The backlash has grown sharper since a large-scale personal data breach last year, [...]
SEOUL, Jan. 22 (Korea Bizwire) — Two major U.S. investment firms backing Coupang have asked the United States government to investigate what they describe as discriminatory treatment by South Korean authorities, raising the prospect that a domestic regulatory dispute could escalate into a bilateral trade issue. Reuters reported Thursay that Green Oaks Capital and Altimeter Capital [...]
SEOUL, Jan. 12 (Korea Bizwire) – Ordering a temporary suspension of business operations at e-commerce giant Coupang Corp. may be possible, the head of South Korea’s antitrust watchdog said Monday, amid an ongoing investigation over a recent large-scale data breach at the U.S.-listed company. “If an order is not implemented or if it is deemed [...]
SEOUL, Dec. 31 (Korea Bizwire) — Coupang disclosed the results of its controversial internal probe into a massive data breach directly to U.S. regulators without prior coordination with the South Korean government, according to filings reviewed Tuesday. In a submission to the U.S. Securities and Exchange Commission dated Monday, the U.S.-listed e-commerce giant said that [...]
SEOUL, Dec. 29 (Korea Bizwire) — Customs authorities on Monday launched an investigation into Coupang Inc.’s domestic unit to examine foreign exchange transactions with its U.S.-based headquarters, government sources said. The Korea Customs Service dispatched an investigative team to the e-commerce giant’s office in Seoul earlier in the day, the sources said. The probe will [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s National Human Rights Commission said on Friday that Coupang, the country’s largest e-commerce platform, has refused to comply with its recommendation to broaden the hiring of foreign delivery workers, adding to scrutiny already facing the company over a recent personal data leak. The commission said it decided [...]
SEJONG, Dec. 25 (Korea Bizwire) — South Korea’s Fair Trade Commission said on Thursday that major online platforms and retailers have sharply increased the financial burdens placed on suppliers, with Coupang emerging as one of the largest recipients of supplier-funded promotional payments. According to a government survey of 40 major retailers across eight distribution sectors, Coupang [...]
SEOUL, Dec. 23 (Korea Bizwire) — A special counsel team raided a subsidiary of e-commerce giant Coupang Inc. on Tuesday, launching a compulsory investigation into allegations of unpaid severance pay for employees and senior prosecutors’ intervention in favor of the management. Special counsel Ann Gweon-seob sent prosecutors and investigators to the office of Coupang Fulfillment [...]