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Stock impact report

Top South Korean e-commerce firm Coupang apologises over massive data breach [Yahoo! Finance Canada]

Coupang, Inc. Class A (CPNG) 
"We sincerely apologise once again for causing our customers inconvenience," Park ?Dae-jun, CEO of the firm dubbed the Amazon.com of South Korea, posted on its website. The incident is the latest in a series of data leaks at major South Korean companies, including SK Telecom. The government, which held ?an emergency meeting on Sunday,? is looking into whether Coupang violated safety rules regarding personal information protection, said Minister of Science and ICT Bae Kyung-?hoon. Coupang said on Saturday that it learned of the data breach on November 18 and reported it to authorities. It said it was working with law enforcement and regulatory authorities. The company,? whose services are ubiquitous for many Koreans using its "Rocket" fast ?deliveries, has said it had 24.7 million active commercial users in the third quarter. Yonhap News Agency reported on Sunday that a Chinese former employee at Coupang was suspected of being behind the breach. Coupang sent a complaint to p Show less Read more
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