Korean Regulators Investigate Coupang Cybersecurity Breach

Reuters12-17
Korean Regulators Investigate Coupang Cybersecurity Breach

Coupang Inc. is currently facing regulatory scrutiny in South Korea following a cybersecurity incident involving unauthorized access to customer accounts at its Korean subsidiary. Korean regulators have launched investigations into the breach, which may result in financial penalties for the company. Although Coupang has fully cooperated with authorities and taken steps to remediate the situation, the company cannot yet estimate the potential amount or range of any regulatory fines or losses that may arise from this incident.

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