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South Korea Defends Coupang Fine | Business and Finance News

South Korea Defends Coupang Fine | Business and Finance News

Published 2 days, 8 hours ago
Description

South Korea is fiercely defending its actions against Coupang, the country’s top e-commerce giant, after a U.S. report accused it of discrimination. The government insists the hefty 625 billion won fine — tied to a massive data breach exposing 37 million users — was lawful and necessary to protect consumers, not politically motivated. Officials stress the breach resulted from Coupang’s own security failures and failure to report it promptly, not targeted retaliation. They argue the U.S. report ignores their side of the story and misrepresents the legal context.

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