Games & Commerce
FSS extends inspection of Coupang financial units, probes data leaks and high interest rates
South Korea\'s Financial Supervisory Service will extend its inspection of Coupang\'s financial units, Coupang Pay and Coupang Financial, through Jan. 30. The probe focuses on the legality of personal data management and whether loan interest rates for merchant partners are appropriate. Regulators are scrutinising the One ID system, which automatically creates a Coupang Pay account when users join Coupang. They are also examining a merchant loan product that has faced criticism over high rates.
