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Bom Kim

Bom Kim

Founder and Chief Executive, Coupang

Appears in 1 story

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South Korea fines Coupang record sum over data breach

Rule Changes

Apologized publicly; company is contesting related rulings

South Korea's privacy regulator fined Coupang 624.7 billion won, about $409 million, for a breach that exposed personal data tied to 37.5 million accounts. That is more than 70% of the country's population, and it is the largest data-privacy penalty Korea has ever imposed.

Updated Yesterday