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0 0 0.000546149645002622 0 -0.00546149645002738 -0.00273074822501369 -4.91534680503252E-05 -0.00109229929000563
Stock impact report

Coupang braces for increased competition amid fallout from South Korea data breach [Yahoo! Finance]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Yahoo! Finance
By Heekyong Yang SEOUL, Feb 26 (Reuters) - Investors in South Korea's e-commerce giant Coupang will be scrutinising the company's financial results on Thursday for fallout from a massive data breach, as rivals lure shoppers away from its platform. The ?company also faces headwinds from a proposed regulatory change that could increase competition in the ultra-fast overnight deliveries that ?have been a cornerstone of its market dominance. Coupang's position has come under threat after it reported a data leak in November that affected some 34 million users, ?exposing names, phone numbers and shipping addresses but not payment details or login credentials. A government-led investigation is ongoing, but in an update this month the Science Ministry blamed management failure at Coupang rather than a sophisticated cyberattack. Coupang said in a statement that it would "take all necessary steps to prevent further harm and continue strengthening safeguards to prevent a recurrence". Show less Read more
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