Coupang CEO fails to appear at South Korean parliamentary hearing on data breach
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Coupang CEO Bom Kim failed to attend a South Korean parliamentary hearing regarding a major data breach affecting over 33 million customers. Lawmakers criticized his absence, comparing it to appearances by leaders of larger companies. The breach, which began in June, was only discovered in November, leading to a 17% drop in Coupang's shares. South Korean President Lee Jae Myung has called for stricter penalties for data breaches, potentially resulting in a fine exceeding 1 trillion won for Coupang.
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