Coupang Aktie News

LOS ANGELES--(BUSINESS WIRE)--Coupang, Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – CPNG.

South Korean President Lee Jae Myung said on Tuesday the massive customer data leak from e-commerce platform Coupang is a wake-up call for stronger protection of digital privacy and ordered plans to raise fines and penalties for such lapses.

Coupang stock fell after the operator of South Korea's top e-commerce site acknowledged a major data breach.

Coupang stock was diving in New York after the company apologized over the breach of 33.7 million customers' personal information.

South Korean police said on Monday that they are tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country's worst data breach in over a decade.

A data breach at Coupang has exposed personal information of nearly 34 million customers. The eCommerce company, considered the “Amazon of South Korea,” revealed the breach on Saturday (Nov. 29), Reuters reported.

South Korean e-commerce giant Coupang said personal information from its 33.7 million customer accounts was exposed via unauthorized data access.

Stan Druckenmiller added to his Coupang and MercadoLibre positions last quarter. Both stocks are fast-growing e-commerce players replicating the Amazon model, and have a lot of other potential growth drivers as well.