South Korea & India — Central Information Commission

South Korea: South Korea is accused by the United States — United States House Committee on the Judiciary of discriminating against US-owned businesses, particularly Coupang, through 'coercive investigation tactics' and 'unfair regulations'. This has led to diplomatic tensions and potential violations of trade agreements.

India — Central Information Commission: The India — Central Information Commission fined Coupang a record 625 billion won for a massive data breach, citing inadequate security awareness and safeguards. Coupang plans to challenge this fine.

South Korea: South Korea is developing the Digital Asset Basic Act, a comprehensive regulatory framework for cryptocurrencies, which is driving institutional investment and shaping the ownership structure of crypto exchanges like Bithumb.

India — Central Information Commission: The India — Central Information Commission fined Bithumb for violating rules governing overseas transfers of personal information and ordered revisions to its data transfer procedures.