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FTC Warns Coupang Could Face Temporary Shutdown Over Data-Breach Response

Regulators signal broader scrutiny of the company’s conduct beyond the breach.

Overview

  • FTC Chair Ju Byung-gi said a business suspension is possible if consumer-relief orders are not carried out or are judged inadequate.
  • Seoul police have summoned interim CEO Harold Rogers for a second round of questioning in the widening probe.
  • The antitrust watchdog plans to announce the outcome of its review on allegations that Coupang shifted losses and unfair fees to suppliers.
  • The science ministry rejected Coupang’s internal findings on the leak as one-sided, with a joint investigation with the PIPC still underway.
  • Financial and tax authorities are inspecting high-interest loans and potential profit transfers, and cooperation with the U.S. SEC may be sought if unfair trading signs emerge.