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Coupang CEO Resigns in Wake of Major Data Leak; CAO Named Interim Chief
Park Dae-jun resigned after failing to prevent a data breach exposing personal details of nearly 34 million customers, triggering a government probe and potential $681 million fine.
- On Wednesday, Coupang announced Park Dae-jun resigned as chief executive, and parent company Coupang appointed Harold Rogers interim CEO after the Nov. 18 breach revelation.
- Officials said unauthorized access bypassed Coupang cybersecurity systems over five months, prompting regulatory and political backlash and a government investigation.
- Nearly 34 million customers had personal data exposed, including shipping addresses and phone numbers, and South Korean police raided Coupang’s Seoul headquarters on Dec. 9 seeking evidence.
- Lawmakers warned of consequences including a potential fine of up to 1 trillion won and summoned Bom Kim, Coupang founder, to a Dec. 17 hearing, while Harold Rogers plans to focus on alleviating customer anxiety.
- Park’s departure adds fresh uncertainty to Coupang leadership less than seven months after a restructure, and President Lee Jae Myung said it was `truly astonishing` the breach went undetected so long.
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Channel News Asia+2 Reposted by 2 other sources
Coupang CEO resigns after online retailer hit by massive data breach
SEOUL: South Korea's biggest online retailer Coupang said on Wednesday (Dec 10) that CEO Park Dae-jun has resigned, taking responsibility for a huge data breach at the company that has triggered a growing backlash in Asia's fourth-largest economy.Coupang "deeply apologises for causing concerns to the public",
·Singapore
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Total News Sources21
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
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