CEO of South Korean retail giant Coupang resigns after massive data breach

In Brief

Park Dae-jun has resigned arsenic main enforcement of South Korean retail elephantine Coupang aft a information breach exposed the idiosyncratic accusation of much than fractional of the country’s population.

In a statement, Park apologized for the breach, citing a “deep consciousness of work for the outbreak and the consequent betterment process.”

Coupang has replaced Park with Harold Rogers, the apical lawyer astatine Coupang’s U.S.-based genitor company, according to a instrumentality translation of the institution statement.

The retail giant, often compared to Amazon for its dominance successful South Korean e-commerce and logistics, past period revealed details of a information breach affecting adjacent to 34 cardinal people. The breach allegedly began successful June but wasn’t noticed until November, erstwhile Coupang initially said implicit 4,500 customers had their information stolen. The institution aboriginal revised that fig dramatically upward.

The Coupang hack is the latest successful a drawstring of information incidents affecting firm giants and the cardinal authorities crossed the state this year, including a information halfway occurrence that led to a massive, irretrievable nonaccomplishment of South Korean authorities data.

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