{"id":49465,"date":"2026-06-11T11:49:16","date_gmt":"2026-06-11T11:49:16","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/49465\/"},"modified":"2026-06-11T11:49:16","modified_gmt":"2026-06-11T11:49:16","slug":"coupang-fined-624-7-billion-won-over-data-breach-nearly-wiping-out-2024-profit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/49465\/","title":{"rendered":"Coupang Fined 624.7 Billion Won Over Data Breach, Nearly Wiping Out 2024 Profit"},"content":{"rendered":"<p><img alt=\"Song Kyung-hee (left), chairperson of the Personal Information Protection Commission, holds a briefing at the Government Complex Seoul on the morning of the 11th. Photo courtesy of the Personal Information Protection Commission - Seoul Economic Daily Technology News from South Korea\" title=\"Coupang Fined 624.7 Billion Won Over Data Breach, Nearly Wiping Out 2024 Profit\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/news-p.v1.20260611.b7a3d1d0916343b487672a8662ffa95a_P1.png\"\/>Song Kyung-hee (left), chairperson of the Personal Information Protection Commission, holds a briefing at the Government Complex Seoul on the morning of the 11th. Photo courtesy of the Personal Information Protection Commission<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Coupang has been fined a total of 624.68 billion won over a personal data breach affecting 37.5 million members. The penalty is the largest ever imposed by the government on a company for a personal data leak, 4.6 times the previous record of 134.8 billion won levied on SK Telecom over its USIM data breach. The amount nearly matches Coupang&#8217;s operating profit last year of 679 billion won.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The Personal Information Protection Commission said Tuesday it had approved the measure at a plenary session on Monday, addressing violations of the Personal Information Protection Act by Coupang and its subsidiaries. Coupang was fined 423.575 billion won and charged a penalty of 16.8 million won in connection with the data breach, along with a 201.106 billion won fine for infringing on users&#8217; rights. The commission also approved corrective measures to prevent recurrence, including strengthening safety measures, notifying non-member data subjects of the leak, and ensuring the substantive role of the chief privacy officer (CPO).<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Coupang Fulfillment Services (CFS), the company&#8217;s logistics subsidiary, was also fined 248 million won for violations involving the collection and use of personal information and restrictions on processing sensitive information.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The investigation found that the personal information of 37.5 million people was leaked because Coupang failed to establish a proper safety management system, including poorly managing the electronic signature keys used for server authentication and failing to block access by a former employee. It was also confirmed that Coupang collected the online activity records of about 11.17 million members who accessed other companies&#8217; websites and apps without their consent, and stored the data in a database (DB) in a form that could identify users.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Song Kyung-hee, chairwoman of the Personal Information Protection Commission, explained the rationale for the sanctions, saying, &#8220;This investigation confirmed that Coupang grew rapidly by providing innovative e-commerce services based on large-scale customer information, but failed to establish a security management system commensurate with that.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">In response, Coupang said, &#8220;We apologize for causing concern to our customers and the public over the personal data leak,&#8221; adding, &#8220;We will further strengthen our personal data protection framework and work to restore customer trust.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Song Kyung-hee (left), chairperson of the Personal Information Protection Commission, holds a briefing at the Government Complex Seoul&hellip;\n","protected":false},"author":2,"featured_media":49466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[381],"tags":[426,13776,28492,997,12465,9909,28604,28631],"class_list":["post-49465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-coupang","tag-coupang","tag-coupang-fulfillment-services","tag-data-privacy","tag-e-commerce","tag-personal-data-breach","tag-personal-information-protection-commission","tag-record-fine","tag-sk-telecom-usim-breach"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/49465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=49465"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/49465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/49466"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=49465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=49465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=49465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}