Coupang fined NT$1.5 million in Taiwan for data breach, compared to NT$9.86 billion in South Korea
Taiwan's Ministry of Digital Affairs fined Coupang Taiwan and its representative NT$750,000 each, totaling NT$1.5 million, for a data breach affecting 204,552 local accounts. In contrast, South Korea's Personal Information Protection Commission imposed a record-breaking fine of 624.7 billion KRW, with 423.6 billion KRW (approximately NT$9.86 billion) specifically for the data leak involving 37.55 million users. The discrepancy in fines is attributed to South Korea's law allowing penalties of up to 3% of annual revenue, whereas Taiwan's Personal Data Protection Act lacks revenue-based fine structures and the ministry determined the incident did not reach the threshold of 'serious circumstances'.
Summaries are written by AI from the original article. Not investment advice.