Science Ministry

organization

Last mentioned: Feb 26, 2026

Timeline

  1. Earnings Scrutiny

    Investors prepare for Q4 results amid trimmed revenue and earnings estimates.

  2. Ministry Finding

    Science Ministry blames management failure for the data breach.

  3. User Exodus

    Data shows a 3.5% drop in MAU and a 6.3% decline in daily spending.

  4. Breach Disclosure

    Coupang reports a data leak affecting 34 million users.

Stories mentioning Science Ministry 1

e-commerce Bearish

Coupang Braces for Market Erosion Following Massive Data Breach

South Korea's e-commerce leader Coupang is facing a significant decline in user engagement and market valuation following a data breach affecting 34 million customers. As the Science Ministry attributes the leak to management failure, rivals like Naver and traditional retailers are capitalizing on the reputational damage and looming regulatory changes.

2 sources