Coupang clashes with suppliers and regulators after record privacy fine
South Korea’s privacy regulator imposed a record 624.7 billion won fine on Coupang after a data leak at the Government Complex in Seoul, with the PIPC chair briefing the decision. The sanction arrives as Coupang posts its biggest quarterly operating loss since listing, while a Seoul court halted the FTC move to designate founder Choi Soo-young as controller and rival Naver forms an alliance to challenge Coupang.