Police raided the headquarters of e-commerce giant Coupang Inc. on Tuesday over a massive breach of personal information, officials said. Photo by Yonhap Police raided the headquarters of e-commerce giant Coupang Inc. on Tuesday over a massive breach of personal information that affected some 34 million people of the nation's 52 million population, officials said. The search and seizure took place after Coupang disclosed late last month that personal information of 33.7 million customers had been compromise ...

Core Point - South Korea's police conducted a raid on Coupang's headquarters to gather evidence related to a significant data breach affecting over 33 million individuals [3] Group 1 - The police are investigating a massive data breach that has exposed personal information of more than 33 million people [3] - The raid was aimed at seizing evidence that could assist in the ongoing investigation [3]

Key TakeawaysAustralia's central bank (RBA) maintained a hawkish stance, with Governor Bullock highlighting increased upside risks to inflation and the board's readiness to take necessary action, despite holding current rates.Japanese 2-year government bond yields surged to 1.065%, reaching their highest level since July 2007, as officials closely monitor forex market trends.Fintech firm Revolut completed a $75 billion funding round in November and is offering former employees the opportunity to sell shares ...

Core Insights - Coupang's core e-commerce business is experiencing growth, with potential for stock performance improvement driven by new offerings by 2026 [1][2] E-commerce Growth - Coupang has established dominance in the South Korean market and is expanding into Taiwan, with shares up 24% year-to-date [1] - The company is diversifying its business model by following Amazon's strategy, expanding into food delivery and streaming content [2] Financial Performance - As of Q3 2025, revenue from the developing offerings segment grew by 32%, surpassing the consolidated revenue growth of 18% [3] - Developing offerings currently account for 14% of overall revenue, indicating potential for increased significance in the future [3] Market Expansion - Taiwan is identified as a key new market for Coupang, with revenue growth reported at a triple-digit rate, mirroring the early growth phase in South Korea [5][6] - Customer growth and retention rates in Taiwan are exceeding those seen during Coupang's initial expansion in South Korea [6] Profitability Concerns - The expansion into Taiwan incurs costs, leading to negative profitability in the developing offerings segment [7] - Monitoring management's guidance on achieving positive cash generation and profitability in Taiwan is essential [7] Future Outlook - Investors should focus on cash generation and profitability metrics as the developing offerings segment continues to expand [8] - Tracking the performance of the developing offerings segment will be crucial for sustaining the stock's positive trajectory in 2026 [9]

LOS ANGELES--(BUSINESS WIRE)--Coupang, Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – CPNG. ...

South Korean President Lee Jae Myung urged a speedy investigation into the country’s largest ever data breach in which more than 30 million customer accounts at online retailer Coupang were compromised. https://t.co/5eitODdZJw ...

Core Insights - The massive customer data leak from Coupang has prompted South Korean President Lee Jae Myung to call for stronger digital privacy protections [1] - The incident is viewed as a significant wake-up call for the need to enhance data security measures across the e-commerce sector [1] Company Summary - Coupang, a major e-commerce platform in South Korea, has experienced a substantial breach of customer data, raising concerns about digital privacy [1] - The government is now focusing on developing plans to improve data protection in response to this incident [1] Industry Summary - The e-commerce industry in South Korea is under scrutiny following the data leak, highlighting vulnerabilities in digital privacy practices [1] - There is an increasing demand for regulatory measures to safeguard customer information and prevent future breaches [1]

Cryptocurrency Market - Bitcoin was trading around $85,500, significantly down from its overnight high of over $91,300, with other major cryptocurrencies like Ethereum and Solana also experiencing sharp declines [1][2][26] - Crypto-related stocks, including Coinbase (COIN) and Robinhood (HOOD), saw declines of approximately 6% as risk-averse sentiment returned to financial markets [26][24] - The price of Bitcoin fluctuated wildly in November, reaching a high near $110,000 before dropping to as low as $82,000, indicating high volatility in the cryptocurrency market [27] Technology Sector - The S&P 500 and Dow finished slightly higher for November, marking seven consecutive months of gains, while the Nasdaq recorded its first losing month since March [2] - A majority of the Magnificent Seven tech companies ended lower, with Nvidia (NVDA) shares rising 1.7% after announcing a $2 billion investment in Synopsys (SNPS), whose shares surged nearly 5% [3][35] - The Magnificent Seven reported third-quarter earnings growth of 18.4%, the slowest since Q1 2023, but excluding Meta's one-time charge, profits grew by 30%, suggesting Wall Street may be underestimating future growth [7][6] Retail and Consumer Spending - Cyber Monday spending is projected to reach $14.2 billion, approximately 6% more than last year, with peak spending expected between 8 p.m. and 10 p.m. [21][22] - Retail spending over the holiday weekend exceeded estimates, indicating strong consumer demand as many Americans began shopping early this year [22] Aerospace Industry - Airbus shares fell about 6% after reports of an industrial quality issue affecting fuselage panels of several dozen A320-family aircraft [4][12] - The company has resolved a software issue that grounded 6,000 A320 jets, but fewer than 100 still require updates due to concerns about solar radiation affecting flight control data [12] Precious Metals Market - Silver prices reached an all-time high, rising over 3% to surpass $59 per troy ounce, with prices nearly doubling since the start of the year, significantly outpacing gold's 60% increase [15][14] - The surge in silver prices is attributed to limited supply and rising investor demand, with expectations of future interest rate cuts further supporting the metal's appeal [15]

Core Insights - Coupang, South Korea's leading e-commerce platform, experienced a significant stock decline following a major data breach affecting 33.7 million customer accounts [1][2][3] - The breach exposed personal information but did not include login credentials or credit card numbers, prompting an investigation by South Korean authorities [2][3] - Despite the recent pullback, Coupang's stock remains up 22% year-to-date, although it has faced challenges with profit expectations [6] Company Overview - Founded in 2010 and headquartered in Seattle, Coupang has heavily invested in same-day delivery and offers various services including payments technology, food delivery, and streaming [5] - Coupang acquired UK-based luxury goods marketplace Farfetch in January 2024, expanding its market presence [5] Stock Performance - Coupang's stock fell over 4% to 26.86, breaking below its 200-day moving average after a recent recovery [4] - The stock had previously reached a 52-week high of 34.08 in September, reflecting a more than 50% gain year-to-date [6] - The company reported stronger-than-expected revenue growth in Q3, but profits missed expectations, leading to a 6% drop in shares post-report [6] Ratings and Metrics - Coupang holds an IBD Composite Rating of 56 out of 99, indicating moderate strength compared to top growth stocks, which typically have ratings of 90 or better [7] - The stock's Relative Strength Rating has improved to 86, suggesting enhanced technical performance [9]

Korea’s Coupang says data breach exposed nearly 34M customers’ personal information https://t.co/EyPTNWNvYo ...