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Court rejects Coupang bid to suspend $315M data fine
A Seoul court on Thursday rejected an injunction lawsuit by Coupang against a fine of about 423 billion won ($315 million) levied by a state-run data protection agency over a massive data leak, Yonhap and the Korea Times report. The court's decision means the fine stands, contrary to the reader's suggestion of a $1.5 billion fine being suspended. Coupang has accumulated 1.83 trillion won ($1.28 billion) in operating losses in the first nine months of this year, partly due to the data breach and regulatory pressure, and swung to a Q3 net loss on warehouse fire-related costs, according to the Korea Times and Business Korea. A ruling party lawmaker said Coupang is using its Washington lobbying network to portray Korea's enforcement of domestic laws as discrimination against American businesses, the Korea Times reports.
- Court rejects injunction lawsuit by Coupang over data breach-related fine
- Court rejects injunction lawsuit by Coupang over data breach-related fine
- Coupang's mounting losses threaten growth model amid regulatory pressure
- Coupang swings to Q3 loss on warehouse fire-related costs
- 'Coupang uses US lobbying to frame Korean sanctions as discrimination'


















