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, through its India — Central Information Commission, levied a record fine against Coupang, demonstrating its commitment to data privacy. However, this action has also led to diplomatic friction with the United States, which views the probe as potentially discriminatory against a US-listed company.

India — Central Information Commission: The India — Central Information Commission imposed a record-breaking fine on Coupang for data privacy violations, asserting its role as a strict regulator of data security in South Korea. This action highlights the commission's commitment to enforcing data protection laws.

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.