Coupang

Coupang faces U.S. class action lawsuits over alleged misleading disclosures tied to a major data breach and subsequent stock declines.

Tempers flared at the National Assembly as Coupang executives faced intense scrutiny over a major data breach, labor allegations and a controversial compensation plan during a joint parliamentary hearing.

South Korea’s government is considering whether Coupang could face a temporary business suspension after a massive personal data leak and a delayed response. Experts say a suspension may be difficult to apply in practice and could also harm consumers and Coupang’s workforce.

Coupang was the target of a significant theft of customer data, according to a local media report. The company said this is impossible and blamed...