SK Hynix Shares Fall as Big Rally Draws Ban on Margin Trading

Coupang's CEO has resigned following a significant data breach that compromised the personal information of approximately 33.7 million users in South Korea. The breach, which was disclosed last month, has raised serious concerns about the security measures in place at the e-commerce giant.

Coupang's CEO, Park Dae-jun, has resigned following a massive data breach that exposed personal information of nearly 34 million customers in South Korea. The company has publicly acknowledged the breach and Park has accepted 'grave responsibility' for the incident, which has raised significant concerns about data security practices within the organization.

SK Hynix Inc. is considering a share listing in New York, a strategic move aimed at aligning its valuation more closely with U.S. competitors like Micron Technology Inc. This decision comes amid a significant surge in SK Hynix's share prices, which have tripled this year due to the booming demand for artificial intelligence technologies.

South Korea's jobless rate increased to 2.7% in November, reflecting a slight rise in unemployment as the nation continues to navigate economic challenges. This uptick comes amid various fiscal adjustments and ongoing recovery efforts following the pandemic's impact on the labor market.

South Korea's main stock exchange has issued its second warning in a month regarding the rapid increase in SK Hynix Inc.'s shares, which have surged more than threefold this year due to the artificial intelligence boom.