Coupang faces possible business suspension after massive data breach

The government is signaling that it may suspend Coupang’s operations following a massive customer data breach affecting 33.7 million users of the U.S.-listed e-commerce giant, amid criticism of the company’s tepid response to the incident. During a televised interview on Friday, Fair Trade Commission (FTC) Chairperson Ju Biung-ghi said “the possibility is open” regarding the suspension of Coupang’s operations in Korea. “The authorities will first determine whether consumers are at risk of suffering or have actually suffered financial losses,” Ju said. “If Coupang is found to have failed to implement adequate measures to remedy the damage, a suspension of its operations can be imposed.” His remarks came after the FTC, the Ministry of Science and ICT, the National Intelligence Service, police and other government units launched a joint task force to investigate the Coupang data breach on Thursday. The task force will work alongside existing investigators to examine the cause of the breach, measures to protect users and possible regulatory actions against the company incl