Is There an Unbiased Probe on Coupang by the Government?
Synopsis
Key Takeaways
Seoul, Feb 11 (NationPress) Science Minister Bae Kyung-hoon stated on Wednesday that the government is conducting an investigation into the South Korean division of the US-listed e-commerce giant Coupang, adhering to principles of fairness and without bias, countering allegations from the US political sphere.
Bae made this assertion during a parliamentary session, following the commencement of an investigation by the US House Judiciary Committee, which criticized South Korea for what it termed 'discriminatory targeting' of American enterprises last Thursday (US time), as reported by Yonhap news agency.
“The investigation by South Korea is being executed in accordance with the law and established principles,” Bae remarked, in response to a legislator's inquiry regarding whether the government has enacted any biased actions against Coupang.
In November, Coupang reported a significant data breach, exposing personal information like names, phone numbers, email addresses, and delivery details.
The company initially claimed that only data from 3,000 accounts had been compromised, according to its internal investigation.
However, a collaborative public-private investigation confirmed on Tuesday that over 33.6 million accounts had been compromised.
“Although the data of 33.67 million accounts can be stored on a hard disk for cloud accounts, Coupang has not provided a comprehensive explanation,” Bae noted.
“It is the government's responsibility to thoroughly investigate and disclose the facts,” he continued.
Coupang, known for its overnight delivery of groceries and daily necessities, is a leading shopping platform in South Korea, with the breach potentially impacting nearly two-thirds of the nation's population.
A joint investigation into the major data breach at Coupang's South Korean division has confirmed that over 33.6 million accounts have been compromised, as stated by the science ministry. This suggests the company may have attempted to minimize the incident by initially claiming that only a small number of accounts were affected.
Furthermore, Coupang did not promptly report the incident, in violation of related regulations, according to the Ministry of Science and ICT.
The ministry indicated that it will impose a fine on the company for the delay in reporting and will pursue a formal investigation, emphasizing that the company has failed to preserve critical evidence despite previous requests.