Company
Coupang is South Korea's largest e-commerce company, known for its fast delivery network and often compared to Amazon.
Musinsa is heading for a Kospi listing valued at up to 10 trillion won even though first-half operating profit fell 11.2% to 52.3 billion won. Buyers at that price would be paying for overseas growth that so far has come with lower earnings.
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Five small-business groups demanded on Oct. 12 that Coupang compensate merchants for the roughly two-hour Oct. 9 outage. Their list of operating losses, ad refunds and opportunity costs is wider than the canceled-order payouts Coupang has announced.
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Only 153 of the 2,486 new cyber policies Samsung, DB, Hyundai, KB and Meritz wrote in the first half, or 6.2%, covered breach response and recovery. More than nine in ten were the liability cover Korea's privacy law requires, so companies pay for breach investigation and data recovery themselves.
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Coupang will give 5,000 won in credit to each shopper whose order was canceled during a roughly two-hour outage that began at midnight on Oct. 9. Food customers, riders and restaurants are paid on their own scales, so the bill grows with every failed order on each side.
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Coupang has filed two suits in the Seoul Administrative Court to cancel the Personal Information Protection Commission's record 624.7 billion won in fines. The court's answer is likely to become the reference price for a data breach at a large Korean platform.
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Donald Trump is expected to count $54 billion for Alaska LNG in a $200 billion Korean investment plan, Bloomberg and Reuters reported. Seoul still lists Alaska for future talks, so the White House will name the figure before the government paying it has agreed to it.
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Victims of breaches at seven Korean lenders, Shinhan Bank among them, are recruiting members for class-action damages suits. With suspects in earlier Korean data cases still uncaught, the lenders look like the only parties those suits can reach.
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Coupang is suing South Korea's Fair Trade Commission for seven days' written notice, after the agency gave none in 701 on-site inspections since 2023. The case turns on one retail law's absence from an exemption list, so a win would touch only the inspections run under it.
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Korean courts granted 31 of 39 corporate requests this year to suspend Fair Trade Commission decisions, against a 61.4% rate over the prior decade. What companies win is time before sanctions apply, and what that time is worth depends on how the main lawsuits end.
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Lotte Hi-Mart is charging 50,000 won for two years of repair cover on 34 appliance categories, including machines customers already own. The plan pays off only if repairs stay rare or service visits turn into new appliance sales.
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Kakao is opening its paid membership with CJ Olive Young coupons for teenagers, only 70.8% of whom name KakaoTalk as their app for gifts. Lacking Coupang's delivery network, Kakao needs partners to trade benefits for access to KakaoTalk's audience.
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Coupang and Hanwha have taken Fair Trade Commission investigations to court before any ruling, and courts have provisionally frozen an inspection decision and a document order. The FTC says it will prove the legality of its actions in the main proceedings.
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Presale numbers from Lotte, Shinsegae and Hyundai show the Chuseok trade-down running through protein choice and portion size at once, with total presale revenue up 55% in the window built on card discounts.
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A Korea Federation of SMEs survey of 1,250 sellers puts platform costs at 21.7% of monthly sales. Delivery apps take 26.2%, up 5.2 points in a year on a measure that counts advertising alongside commission.
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Rep. Park Hong-bae's revision caps night work at 10 hours a day and 12 nights a month at all workplaces. The monthly count holds a worker to 120 night hours where the 48-hour weekly cap alone would allow about 208.
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Coupang is piloting an off-hours counterfeit line for cosmetics brands and wants brand-held product data inside its detection system. Blocked listings of fake Korean cosmetics overseas hit 36,116 last year.
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A House report, a senator's letter to the US trade representative and talk of fresh duties on South Korea have turned one company's data-breach penalty into alliance business, though nobody has yet published what the penalty costs.
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The regulator wanted to know who paid for Coupang's price-matching coupons. It got a lawsuit instead, and left the site four days before its own inspection window closed.
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Trump has ordered joint drills scaled back while Washington complains about the Coupang fine, a network law and a $350 billion pledge with no first project. The risk has moved past tariffs.
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Korea's trade minister flew to Washington with the first project still unannounced. The arithmetic of an already-levied 12.5% tariff explains why the calendar is now a pricing problem.
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