The Financial Supervisory Service began an on-site inspection of Coupang Pay, Coupang's Fintech subsidiary, in connection with the Coupang hacking incident. Coupang Pay, after conducting its own probe at the direction of the Financial Supervisory Service, explained that it "is not connected to the Coupang hacking incident," but the agency decided to verify the facts directly.
According to the financial industry on the 2nd, the Financial Supervisory Service sent Coupang Pay a notice in the morning announcing a one-week on-site inspection. The Financial Supervisory Service last month ordered Coupang Pay to confirm whether there was any connection between the hacking incident at Coupang headquarters and the leak of payment information.
On the 28th of last month, Coupang Pay told the Financial Supervisory Service that its internal inspection found nothing related to the incident. Coupang headquarters also said that payment information and credit card numbers were not exposed. However, the Financial Supervisory Service was said to have determined that it could not forgo an investigation based solely on those statements.
The Financial Supervisory Service plans to focus its on-site inspection on the systems for processing and managing payment information. It also said it will review compliance with the duty to ensure safety under the Electronic Financial Transactions Act and check for any violations of financial-related laws.