**US Investors Sue South Korean Government Over Handling of Coupang Data Breach**
**Introduction**
In a significant development, a growing number of US investors have filed lawsuits against the South Korean government, alleging that the country’s handling of the massive data breach at e-commerce giant Coupang has led to discriminatory treatment of foreign investors. The lawsuits, which have been filed in US courts, claim that the South Korean government’s response to the data breach has resulted in significant losses for US investors who hold shares in Coupang.
**Section 1: Background on the Coupang Data Breach**
<>The Coupang data breach, which was first reported in 2022, is one of the largest in South Korean history, affecting over 35 million customers. The breach occurred when an unauthorized party gained access to Coupang’s database, stealing sensitive information including names, addresses, phone numbers, and credit card details. The incident sparked widespread outrage and led to a series of investigations by South Korean authorities, including the National Police Agency and the Korea Communications Commission.
The breach also led to a significant decline in Coupang’s stock price, with shares plummeting by over 20% in the days following the announcement. US investors, who had invested heavily in