South Korea Fines Coupang $412 Million For Data Breach

South Korea's Personal Information Protection Commission has imposed a record fine of approximately $412 million on e-commerce giant Coupang. This penalty stems from a massive data breach that compromised the personal information of roughly two-thirds of the nation's population. The fine is the largest ever issued for a privacy violation in the country, highlighting the severe consequences of inadequate data security measures for large corporations operating in the digital space. The incident underscores the growing global concern over data privacy and the regulatory actions being taken to protect consumer information.