South Korea hits e-commerce giant Coupang with record US$409 million fine for data breach
South Korea's Personal Information Protection Commission has fined e-commerce giant Coupang a record 624.7 billion won (approximately US$409 million) for a significant data breach. The commission found that inadequate security measures led to the exposure of personal data belonging to around 37.5 million users. This penalty is the largest ever imposed by South Korea for a personal data breach, highlighting the regulator's focus on data protection following rapid e-commerce growth. AI
IMPACT Sets a precedent for data protection penalties, potentially increasing compliance costs for companies handling large datasets.