Jake Kwan

President Lee Jae-myung, he has to raise the economy.

This is his main agenda.

Since COVID, the country, the economy has been quite stagnant, and he has a local election coming up next year, which will be very, very important for him.

So one thing he wants to really do is buoy the stock market.

And one way he could do that in a very short term is to introduce all kinds of market reforms to really deliver the message that South Korea is a fair place to do business and to invest.

And that market also had somewhat responded to this messaging.

I mean, if you look at Korea's main market index, KOSPI, it went up 75% this year, which is an astounding number.

It beat out all the major markets around the world.

So for Mr. Lee, this is a winning move, and we can expect Mr. Lee to continue in this path.

Coupang had said it's sorry, but the police probe is just starting.

Officers have launched a search and seizure operation to grab evidence from Kupang's main office in Seoul.

The authorities are looking into how the hacker stole the data of 33.7 million customers, including names, home addresses, order history, and for some people, their door codes.

The company says credit card and password data are safe, but that's provided little comfort.

Coupang is already facing class action lawsuits from customers who are asking how a company valued at $50 billion could lose their data.