Coupang compensation may rise to $11.4 bil., lawmakers consider stronger legal penalties

E-commerce giant Coupang is facing increasing pressure over compensation liability following a data leak in which the personal information of 33.7 million customers was breached by a former employee. With potential legal costs estimated to reach as high as 16.8 trillion won ($11.44 billion), the number of customers joining class action suits to demand damages continues to rise. The Personal Information Protection Commission (PIPC), the country's personal data watchdog, is already signaling it will impose a separate penalty worth up to 1.2 trillion won, implying the breach is one of the most significant in the company's history. As public and political calls intensify for severe penalties against Coupang, the potential for lawsuits against the firm is also brewing. Already, a law firm has filed a complaint against Park Dae-jun, CEO of Coupang Corp., the Korean unit of the U.S.-listed parent company. Bom Kim, Coupang's founder, has so far maintained his silence. As of Friday, more than 500,000 people have signed up across more than 20 online communities to prepare class action suits againsWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times