FTC chief says Coupang business suspension possible amid data breach probe

South Korea's Fair Trade Commission chief Ju Byung-gi stated in a radio interview that a temporary suspension of e-commerce giant Coupang's operations is possible amid an ongoing data breach investigation. This measure could be taken if remedies for affected consumers prove insufficient. The science ministry criticized Coupang's internal probe as one-sided.

On January 12, 2026, Ju Byung-gi, chairman of South Korea's Fair Trade Commission (FTC), said in a radio interview that ordering a temporary suspension of business operations at e-commerce giant Coupang may be possible amid an ongoing probe into a recent large-scale data breach. "If an order is not implemented or if it is deemed insufficient to provide relief to affected consumers, a business suspension is also possible," Ju stated.

Coupang announced the results of its internal investigation on December 25, 2025, claiming a former employee had stolen personal information from 33.7 million user accounts but saved data from only about 3,000 accounts, which was later deleted. The science ministry quickly dismissed these findings as one-sided and an incomplete conclusion, emphasizing that a joint public-private investigation involving the ministry and the Personal Information Protection Commission has yet to conclude.

Ju noted that the FTC is examining other issues related to Coupang beyond the data breach, including its business practices. He added that the commission will soon announce the results of its deliberations on allegations that Coupang passed on losses from low-price sales to partner suppliers. This case highlights scrutiny on the U.S.-listed company's operations in Korea and the balance between consumer protection and business accountability.

Relaterade artiklar

Illustration of Coupang facing record data breach fine
Bild genererad av AI

Coupang fined record 624.7 billion won over data breach

Rapporterad av AI Bild genererad av AI

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.

U.S.-listed e-commerce giant Coupang swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea. The company posted a $266 million deficit for January-March, compared with a $114 million profit a year earlier. Founder and Chairman Bom Kim said one-time vouchers and temporary inefficiencies from weaker demand were key factors.

Rapporterad av AI

In the latest escalation of tensions over South Korea's probe into Coupang's massive data breach, more than 80 ruling bloc lawmakers plan to send a joint letter protesting the US government's defense of the e-commerce giant, arguing it infringes on judicial sovereignty. The letter responds to recent US complaints, including demands for the safety of Coupang's chairman and a letter from over 50 Republican lawmakers.

Denna webbplats använder cookies

Vi använder cookies för analys för att förbättra vår webbplats. Läs vår integritetspolicy för mer information.
Avböj