South Korea's data protection regulator on Thursday fined e-commerce company Coupang a record 624.7 billion won over privacy violations, including a massive data breach that affected more than 37 million users.
The Personal Information Protection Commission has decided to impose a record fine of 423.6 billion won for the data breach and levy an additional 201.1 billion won in fine for the unauthorized collection of records of online user activities and other violations.
The move follows violations of personal information protection laws by Coupang, with the regulator stating the fine amount exceeds previous records.
Coupang operates one of South Korea's largest e-commerce platforms, and the penalty highlights concerns over user data security.
