E-commerce Company
Appears in 2 stories · Last updated Nov 9, 2026
Fined 300.8 billion won; says it will challenge the penalty
South Korea's antitrust regulator fined the country's two largest food-delivery apps a combined 631.9 billion won on Nov. 9. Woowa Brothers, which runs Baemin, must pay 331.1 billion won; Coupang, which runs Coupang Eats, must pay 300.8 billion won.
Updated 2 hours ago
As of June 2026: Fined; challenging ruling in Seoul Administrative Court while paying fine during appeal
South Korea's privacy regulator fined Coupang 624.7 billion won, roughly $409 million, for a breach that exposed data on 37.5 million accounts, more than 70% of the country's population. The penalty is the largest in Korea's privacy enforcement history. It landed below analyst projections of up to 1 trillion won, and Coupang shares jumped 14% on June 11, their best single-day gain since November 2022.
Updated Jun 12
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