Coupang founder avoids responsibility despite catastrophic data breach

Despite a massive data leak at Coupang that is unnerving Koreans, its founder and de facto head Kim Bom-suk, also known as Bom Kim, has been absent from the accountability debate. This is prompting criticism that the company’s ownership and governance structure enables him to maintain dominant control over the e-commerce giant while avoiding responsibility for major incidents. Park Dae-jun, CEO of Coupang Corp. (Coupang Korea), on Sunday apologized for the data leak of 33.7 million customers — presumably its entire customer base — and said the company will closely cooperate with relevant authorities to prevent further issues and review its data security system. The number of known victims represents nearly 65 percent of Korea’s population, and public anger is intensifying over the company’s inadequate security practices and handling of the incident. Multiple online forums have opened to organize a potential class-action suit against Coupang, including one on Naver that surpassed 70,000 members on Monday. Lawmakers have also raised their voices, calling for accountability andWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times