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Why South Korea\'s privacy watchdog hit Coupang with a record fine

South Korea\'s Personal Information Protection Commission imposed a 624.7 billion won penalty and a 16.8 million won fine on Coupang over a large-scale personal data leak last November and the collection of personal information without legal grounds. The watchdog said the fine equals 2 percent of sales used in its calculation. It cited failures in managing certificate signing keys and inadequate intrusion detection, and said it will pursue a separate criminal complaint process.