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Coupang Reports Significant Q2 Loss Due to Data Breach Fines
BusinessbloombergKorea Herald13d ago2 sources

Coupang Reports Significant Q2 Loss Due to Data Breach Fines

Coupang, the South Korean e-commerce giant, reported a steep loss in its second quarter, primarily attributed to substantial fines incurred from a data breach. The financial fallout from the breach significantly impacted the company's earnings despite sales growth.

Trump Delivers Fourth of July Speech Amid Storm Delays, Criticizes Foes
WorldBBCbloombergNYT+54wapoThe GuardianAl Jazeeranrknzznosruvtagesschau+46 more1mo ago57 sources

Trump Delivers Fourth of July Speech Amid Storm Delays, Criticizes Foes

Former President Donald Trump delivered a Fourth of July speech, celebrating America and criticizing opponents, after the event was delayed due to severe weather. During his address, Trump warned against communism and celebrated a perceived victory over Iran.

Coupang Reports Q1 Net Loss After Data Breach Fallout
BusinessKorea Herald3mo ago

Coupang Reports Q1 Net Loss After Data Breach Fallout

E-commerce giant Coupang swung to a net loss in the first quarter, attributing the financial downturn to the ongoing fallout from a recent data breach. The company is now back in the red after previously reporting profits.

Businessnikkei-asiaglobal-times3mo ago2 sources

Beijing Auto Show Set to Be World's Largest Amid EV Boom

The Beijing Auto Show is anticipated to become the world's largest, showcasing the rapid growth of China's electric vehicle industry. The event is drawing significant attention to the country's automotive sector.

G7 releases record amount of oil stocks to 'calm the markets down'
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+93 more5mo ago104 sources

G7 releases record amount of oil stocks to 'calm the markets down'

G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.

Coupang posts record earnings despite data breach fallout
BusinessKorea Herald5mo ago

Coupang posts record earnings despite data breach fallout

Coupang logged another record year, despite profit being almost wiped out in the last quarter and reputational damage from a data breach involving some 33 million user accounts. According to its earnings release Friday, the New York-listed e-commerce company posted $34.5 billion in sales and $473 million in operating profit last year, up 14 percent and 8 percent from 2024, respectively. The firm generated $8.8 billion in sales and $8 million in operating profit in the October-to-December period,

Interim Coupang chief attends closed-door House hearing
BusinessKorea Herald5mo ago

Interim Coupang chief attends closed-door House hearing

Harold Rogers, interim CEO of e-commerce giant Coupang Corp., attended a closed-door House hearing in Washington on Monday, as the US-listed firm has been under investigation in South Korea over a massive data leak. Rogers did not respond when asked by reporters if he had anything to say to South Korean consumers, as he appeared for the hearing, which was hosted by the Administrative State, Regulatory Reform and Antitrust Subcommittee of the House Judiciary Committee. His appearance came after R

Why UK tech firm TeraView picked Korea for listing
BusinessKorea Herald5mo ago

Why UK tech firm TeraView picked Korea for listing

While high-profile Korean startups such as Toss and Yanolja chase Wall Street valuations — following Coupang’s US listing — a British chip-equipment maker is betting on Seoul instead. TeraView, a UK firm that commercialized terahertz technology for ultraprecision semiconductor inspection, chose to list on Kosdaq rather than in London or New York. The company counts Samsung Electronics, Intel and Nvidia among its customers, supplying critical components used in advanced chip manufacturing. “TeraV

Seoul Seeks to Ease US Tensions Over Coupang Bias Claims
WorldKorea Herald23d ago

Seoul Seeks to Ease US Tensions Over Coupang Bias Claims

South Korea's top trade negotiator traveled to Washington to address US concerns regarding alleged discrimination against Coupang, a US-listed e-commerce giant, which has become a point of contention between the two allies.

Coupang Warehouse Fire Continues, Firefighters Prevent Spread to Battery Floor
BusinessKorea Herald29d ago

Coupang Warehouse Fire Continues, Firefighters Prevent Spread to Battery Floor

A massive fire at a Coupang logistics center in Incheon continued to burn into its third day, with firefighters concentrating efforts on preventing the flames from reaching hundreds of lithium battery-powered items. Evacuation orders were issued due to fears of structural collapse as firefighting efforts remain ongoing.

Ukrainian Drone Attacks Target Russian Logistics Hubs, Oil Depot; Seven Killed
WorldBBCFTNPR+55Al Jazeeradr-dkcnbcnosukrainska-pravdaaftonbladetberlingskeDW+47 more1mo ago58 sources

Ukrainian Drone Attacks Target Russian Logistics Hubs, Oil Depot; Seven Killed

Ukrainian drone attacks targeted Russian logistics centers, including a Wildberries warehouse storing drone components, and an oil depot in the Moscow region, resulting in at least seven deaths. Ukrainian President Zelenskyy confirmed the strikes on two significant logistics facilities in Russia.

US Launches Attacks on Iranian Ports Amid Escalating Conflict
BusinessBBCbloombergNYT+60FTThe GuardianNPRAl JazeeraFox Newsnzzyle-uutisetcbc+52 more1mo ago63 sources

US Launches Attacks on Iranian Ports Amid Escalating Conflict

The United States has launched attacks on Iranian ports, including Bushehr, which houses Iran's only nuclear power plant, escalating the conflict between the two nations. This comes as oil prices hit a four-week high and a billboard depicting the White House in flames appeared in Tehran.

Coupang Shares Rally After Record Fine Over Data Leak
BusinessKorea Herald2mo ago

Coupang Shares Rally After Record Fine Over Data Leak

Shares of US-listed e-commerce giant Coupang Inc. surged after South Korea's privacy regulator imposed a record fine for a massive customer-data leak, with investors viewing the penalty as resolving a six-month uncertainty.

US Offers $10 Million Reward for Iran-Backed Iraqi Militia Leader
PoliticsAPReutersbloomberg+86NYTwsjFTle-mondeThe GuardianNPRAl Jazeeranrk+78 more3mo ago89 sources

US Offers $10 Million Reward for Iran-Backed Iraqi Militia Leader

The United States has offered a $10 million reward for information leading to the leader of an Iran-backed Iraqi armed group, identified as Kataib Sayyid al-Shuhada. This bounty targets the head of the Shiite militia, which Washington considers a terrorist organization.

Stock Market Falls to End Volatile February Amid AI Concerns
BusinessYahoo5mo ago

Stock Market Falls to End Volatile February Amid AI Concerns

The Dow, S&P 500, and Nasdaq all experienced declines, concluding a volatile month for the stock market, with investor worries about AI impacting overall performance. Separately, Coupang shares rose after investors focused on stabilization following a data incident.

FTC fines Coupang W2.19b for unfair supplier practices
BusinessReutersKorea Heraldchannel-news-asia5mo ago3 sources

FTC fines Coupang W2.19b for unfair supplier practices

Coupang has been fined 2.19 billion won ($1.53 million) and ordered to take corrective measures for violating the Large-scale Retail Business Act, the Fair Trade Commission said Thursday, citing…

Coupang confirms data breach of 200,000 accounts in Taiwan
TechnologyKorea Herald5mo ago

Coupang confirms data breach of 200,000 accounts in Taiwan

Coupang said Wednesday that about 200,000 of its Taiwanese users were included in the massive data breach of some 3.3 million accounts, an incident initially announced in November. According to Coupang, Mandiant, an American cybersecurity firm and a Google subsidiary, has determined the data breach of Taiwan-based accounts. However, it said the perpetrator retained data from only one of those accounts. “The data accessed from Taiwanese accounts was also limited to basic contact and order informa

Coupang Dispute to Feature in US-Korea Bilateral Talks
PoliticsNYTKorea Herald1mo ago2 sources

Coupang Dispute to Feature in US-Korea Bilateral Talks

South Korea's industry minister is scheduled to visit the United States this week for bilateral discussions, where a dispute involving Coupang is expected to be a key topic. The talks will address various issues between the two countries, potentially including the e-commerce giant.

Trump Offers Putin Help in Finding Ukraine War Solution
WorldBBCNYTle-monde+77wapoThe GuardianNPRAl Jazeerayle-uutisetcbccnbcnos+69 more1mo ago80 sources

Trump Offers Putin Help in Finding Ukraine War Solution

Donald Trump reportedly offered assistance to Vladimir Putin in finding a solution to the war in Ukraine during a phone conversation. Trump also spoke with Ukrainian President Volodymyr Zelenskyy.

Analysts Recommend High-Growth Large-Cap Stocks for Investment
BusinessYahoo1mo ago

Analysts Recommend High-Growth Large-Cap Stocks for Investment

Financial analysts are recommending several high-growth large-cap stocks, including ServiceNow Inc., Nu Holdings Ltd., Coupang Inc., and Block Inc., as strong investment opportunities. These companies are highlighted for their potential to deliver significant shareholder value and capitalize on market opportunities in their respective sectors.

South Korea Fines E-commerce Giant Coupang Record $410 Million for Data Breach
BusinessBBCNYTFT+10Al Jazeerale-figaroSCMPKorea Heraldchannel-news-asianewsbeastseeking-alphaBangkok Post+2 more2mo ago13 sources

South Korea Fines E-commerce Giant Coupang Record $410 Million for Data Breach

South Korea has imposed a record-breaking fine of $410 million on e-commerce giant Coupang following a massive data breach that affected millions of customers, with reports detailing the fine was issued for a November 2025 incident.

Barclays Adjusts Price Targets for Coupang and MercadoLibre
FinanceYahoo3mo ago

Barclays Adjusts Price Targets for Coupang and MercadoLibre

Barclays has adjusted its price targets for e-commerce companies Coupang (CPNG) and MercadoLibre (MELI) in anticipation of their upcoming first-quarter earnings reports. The bank's revised targets reflect its outlook on the companies' financial performance.

Trumps Demand Jimmy Kimmel Firing Over Melania Joke; Kimmel Defends Remarks
PoliticsAPbloombergNYT+79wsjFTwapoThe GuardianNPRAl JazeeraCNNdr-dk+71 more3mo ago82 sources

Trumps Demand Jimmy Kimmel Firing Over Melania Joke; Kimmel Defends Remarks

Donald and Melania Trump have called for Jimmy Kimmel's firing following a joke he made about the former First Lady, which they deemed offensive. Kimmel has since defended his comments, stating it was a light roast joke about their age difference.

Iran's Foreign Minister Visits Pakistan for Peace Talks
WorldReutersBBCbloomberg+69wsjle-mondeThe GuardianNPRAl JazeeraFox Newscbccnbc+61 more3mo ago72 sources

Iran's Foreign Minister Visits Pakistan for Peace Talks

Iran's top diplomat travels to Pakistan for discussions on peace efforts, as ceasefire negotiations with Washington remain stalled. He is expected to present Iran's proposals for ending the conflict.

Coupang CEO Pledges Support to South Korean SMEs
BusinessKorea Herald4mo ago

Coupang CEO Pledges Support to South Korean SMEs

Coupang interim CEO Harold Rogers visited small and midsize suppliers in Cheongju, North Chungcheong Province, pledging support for manufacturers facing challenges from rising energy costs and currency swings.

Technologyyonhap-englishseeking-alpha5mo ago2 sources

Coupang and Nvidia Partner to Build 'AI Factory'

Coupang has partnered with Nvidia to establish an 'AI factory', aiming to leverage artificial intelligence for enhanced operations and services and further integrate AI into its business model.

Coupang CEO joins early-morning delivery shift
BusinessKorea Herald5mo ago

Coupang CEO joins early-morning delivery shift

Coupang CEO Harold Rogers conducted an overnight visit to a logistics site and joined early-morning deliveries, according to industry sources on Friday. Rogers visited a delivery camp near Seongnam in Gyeonggi Province late Thursday night and helped deliver early-morning orders alongside logistics workers in the area. The visit became known after photos believed to show Rogers at the site were posted on an online community by a person identified as a warehouse worker. Coupang confirmed that Roge

Coupang's Q4 operating profit plunges 97% on data breach impact; founder apologizes in person
BusinessKorea Heraldyonhap-english5mo ago2 sources

Coupang's Q4 operating profit plunges 97% on data breach impact; founder apologizes in person

US-listed e-commerce giant Coupang Inc. said Friday its operating profit plunged 97 percent in the fourth quarter from a year earlier due to the impact of a large-scale data breach, while its founder issued an apology again in person. In the three months ended in December, operating profit plummeted to 11.5 billion won ($8 million) from 435.3 billion won in the same period of 2024, Coupang said in a press release. The company also swung to a net loss of 37.7 billion won from a net profit of 182.

Coupang Hires US Law Firm for Data Breach Lawsuit
BusinessKorea Herald5mo ago

Coupang Hires US Law Firm for Data Breach Lawsuit

E-commerce giant Coupang has hired a top-tier US law firm, Kirkland & Ellis, to represent it in a US lawsuit stemming from a massive data breach, bolstering its legal defense against potential liability.