Coupang CEO Park Dae-jun (L), seen here testifying at a parliamentary session on Dec. 3, resigned Wednesday over a customer data leak affecting nearly 34 million users. Photo by Yonhap E-commerce giant Coupang Inc. said Wednesday that Chief Executive Officer (CEO) Park Dae-jun has resigned over a recent customer data leak affecting nearly 34 million users. "I deeply apologize for disappointing the public over the recent data breach, and have decided to step down from all my positions to take full responsibi ...

Group 1 - The South Korean e-commerce company reported unauthorized access to its digital data, affecting personal information of approximately 33.7 million individuals [1]

Core Points - The CEO of Coupang, Park Dae-jun, has resigned following a significant data breach affecting nearly 34 million customers [1][2] - Park expressed deep regret for the incident and took responsibility for the breach and its recovery process [2] - Coupang has appointed Harold Rogers, the Chief Administrative Officer and General Counsel, as the interim CEO to address customer concerns and stabilize the organization [3] Company Response - Coupang acknowledged the data breach on November 18, which led to the CEO's resignation three weeks later [1] - The interim CEO, Harold Rogers, aims to alleviate customer anxiety stemming from the personal information leak [3] - The company is focused on stabilizing its operations in the wake of the incident [3]

Core Point - South Korea's largest online retailer Coupang's CEO Park Dae-jun has resigned due to a significant data breach at the company [1] Company Summary - Coupang is South Korea's biggest online retailer [1] - The resignation of the CEO indicates a serious internal issue regarding data security [1] Industry Summary - The incident highlights the growing concerns over data security in the e-commerce sector [1] - Companies in the online retail industry may face increased scrutiny and pressure to enhance their cybersecurity measures following such breaches [1]

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 ...

While its core Korean e-commerce business continues to grow, its new offerings could drive the stock in 2026.For investors looking for exposure to e-commerce outside the U.S., there have been few options more exciting than Coupang (CPNG +0.35%). This online retailer has dominated the South Korean market and is rapidly growing in Taiwan. While shares are up 24% year to date, there's plenty of reason to believe that trend can continue. Here's what to keep an eye on as we head into 2026.Following a familiar pl ...

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 ...