(2nd LD) Coupang swings to Q2 loss on data breach fines

Coupang Inc., the U.S.-listed e-commerce giant, reported a net loss of 865 billion won (US$570 million) for the second quarter of 2025, marking a shift from a profit of 43.5 billion won in the same period last year. The loss was primarily due to fines imposed for a data breach that occurred in November 2025, involving over 37 million customers.

The Personal Information Protection Commission imposed a record fine of 624.7 billion won, along with penalties for collecting users' online activity without their consent. Despite the fines, which are still under judicial review and Coupang plans to appeal, sales in its core Product Commerce segment rose by 1 percent to $7.42 billion, driven by an 8-9 percent increase in sales from the third quarter.

The company also repurchased $459 million worth of shares in the quarter and faced additional taxes of US$208 million following an audit of its tax filings for the 2021-2025 tax years.

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