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0 -0.000750469043152087 -0.000750469043152087 -0.00150093808630404 -0.001125703564728 0.00187617260787995 0.0019924953095685 -0.0181425891181989
Stock impact report

Coupang CEO resigns over historic South Korean data breach [Fortune]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Fortune
Police raided Coupang's headquarters this week in search of evidence that could help them determine how the breach took place as well as the identity of the hacker, Yonhap News reported, citing officials. Officials have said the breach was carried out over five months in which the company's cybersecurity systems were bypassed. Last week President Lee Jae Myung said it was “truly astonishing” that Coupang had failed to detect unauthorized access of its systems for such a long time. Park squared off with lawmakers this month during an hours-long grilling . Responding to questions about media reports that claimed the attack had been carried out by a former employee who had since returned to China, he said a Chinese national who left the company and had been a “developer working on the authentication system” was involved. The company faces a potential fine of up to 1 trillion won ($681 million) over the incident, lawmakers said. Coupang founder Bom Kim has been summoned to appear Show less Read more
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