NEW YORK, Feb 19, 2026, 05:36 EST — Premarket
- Coupang shares climbed roughly 3.6% in U.S. premarket action following a report that South Korea’s FTC is unlikely to push for a business suspension.
- The decision takes some tail risk off the table for the stock, which has been under pressure since the company’s wide-reaching data breach.
- Next week’s quarterly results are in focus, with investors eyeing fresh details on costs, growth, and regulatory exposure.
Coupang shares jumped roughly 3.6% in premarket U.S. trading this Thursday. The move came after a report indicated that a South Korean regulator found no legal grounds to halt the e-commerce company’s operations following its data breach.
South Korea’s Fair Trade Commission, in a meeting with a ruling party committee, said a business suspension isn’t legally viable, the report noted. By law, that move is only allowed if personal data leaks are actually misused and there’s proven harm to consumers. (Investing)
This is key: traders have been valuing Coupang based on how regulators respond, not simply its sales figures. If regulators actually hand down a suspension order, daily operations in Korea would take a direct hit—and investors might have to rethink their entire approach.
Shares closed Wednesday at $17.43, gaining 2.7% before the latest move in premarket trading. (Yahoo Finance)
Last week, a South Korean government investigation pointed fingers at management failures—not a high-level cyberattack—for the 2025 breach. Officials said an ex-engineer took advantage of authentication flaws. “It’s more of a management problem than an advanced attack,” deputy minister Choi Woo-hyuk told reporters. (Reuters)
Shutdown odds may be fading, but enforcement efforts haven’t slowed. Investigations by police and other watchdogs continue, with scrutiny now reaching both political circles and the courts.
The legal battle isn’t going away. According to Reuters last week, more investors are lining up to challenge South Korea over its response to the breach, pushing yet more headline risk onto the company. (Reuters)
Earnings are the next clear catalyst here. Coupang plans to release its fourth-quarter 2025 results after the U.S. market wraps on Feb. 26. The company has a webcast lined up for 5:30 p.m. ET.
Traders have their ears out for even subtle shifts in language around compliance costs, customer payouts, and hints from regulators on what’s coming next behind the scenes. If the company sticks to a steady script on operations, the rebound might hold.
Still, things could unravel from here. If regulators determine the leaked data ended up being misused—or if another agency hands down a harsher remedy—the “how bad can it get?” question would be back in play, just as it’s been steering the stock since the breach.
