South Korea Hits E-Commerce Giant With Record $409 Million Fine Over Data Leak Of 33 Million Users

Source: International Business Times

Coupang said it regretted that measures it had taken following the incident and explanations it provided to authorities were not sufficiently reflected in the regulator's decision. Getty Images South Korean authorities have imposed a record $408 million fine on e-commerce giant Coupang after concluding that a massive data breach exposed the personal information of more than 33 million customers. The penalty, announced by the Personal Information Protection Commission (PIPC), is the largest data privacy fine ever issued in South Korea.