U.S. lawsuit targets S. Korea retailer
Cybersecurity breach exposed 33m customers
By: Mike Scarcella
Reuters
WASHINGTON - South Korean e-commerce company coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers.
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The lawsuit, filed last week [12/18/2025] in federal court in California, claims Coupang, its CEO and Chairman Bom Kim and its Chief Financial Officer Gaura Anand misled investors about the company's data security practices and failed to disclose the breach in a timely way.
..... Coupang, South Korea's biggest Online retailer in November [2025] apologized over the breach of personal information through unauthorized data access. in the aftermath Park Dae-jun, chief executive of subsidiary Coupang Corporation resigned this month. [12/2025]
..... The company, dubbed the Amazon of South Korea, previously said it would tighten security to prevent another leak.
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Coupang did not immediately respond to a request of comment, and neither did a lawyer representing the investor who field the lawsuit on December 18. [2025]
..... Coupang, which operates globally, has offices in California and other U.S. cities. The company dominates South Korea's e-commerce market, providing same-day delivery, video streaming and food delivery. the breach has spurred investigations in South Korea.
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The lawsuit said Coupang discovered on November 18 [2025] that a former employee had retained access to internal systems for months, compromising customer names, email addresses, delivery addresses and some order histories. The company said the breach did not expose payment details or login credentials.
..... Coupang failed to report the breach under U.S. securities rules in a timely way, the lawsuit alleged. Coupang, according to the lawsuit, submitted U.S. regulatory filings that understated the company's vulnerability to counterattacks and overstated its safeguards. the compliant is seeking damages for investors who purchase Coupang securities between August 6 and December 16. [2025]