South Korea's Lee calls for tougher penalties after Coupang data breach

SEOUL, Dec 2 (Reuters) - South Korean President Lee Jae Myung on Tuesday called for increased penalties for corporate negligence in data breaches, saying a massive leak at e-commerce giant Coupang (CPNG.N)

, opens new tab had served as a wake-up call.

The breach - resulting in personal data for some 33 million Coupang customers being leaked - was South Korea's worst in more than a decade. Coupang, which saw its New York-listed stock tumble 5% overnight, is now grappling with a police investigation, potential hefty fines as well as a possible class-action suit.

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