Coupang CEO Resigns Following Massive Data Breach Affecting Millions in South Korea

This article was generated by AI and cites original sources.

The CEO of South Korean e-commerce giant Coupang, Park Dae-jun, has stepped down following a massive data breach that exposed the personal information of over 34 million people, more than half of South Korea’s population. The breach, which began in June but went unnoticed until November, significantly surpassed the initially reported 4,500 affected customers.

In the aftermath, Coupang, a dominant force in South Korean e-commerce and logistics akin to Amazon, has appointed Harold Rogers, the chief legal officer of Coupang’s U.S.-based parent company, as the new CEO. The company issued a public apology for the incident, emphasizing a commitment to the recovery process.

This breach is part of a series of security incidents affecting major corporations and the government in South Korea, following a data center fire that caused substantial loss of government data earlier this year.

Source: TechCrunch

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