Auction Co.

Online auction company based in South Korea

Auction Co.

Company type	Subsidiary
Industry	Online auction
Founded	April 1998; 26 years ago (April 1998) South Korea
Headquarters	South Korea
Parent	Gmarket Global^[1]

Auction Co. is an online auction company based in South Korea. It was acquired by eBay on January 8, 2001.

2008 Security Breach

In April 2008, the company revealed that their customers' real name, username, resident registration number, address, phone number, email address, bank account number, and purchase and refund log were breached in February.^[2]^[3] Originally, the victims were thought to be 11 million users, but later it was found that all members of Auction, 18 million 630 thousand people's private informations were breached.^[3] Users filed a lawsuit against the company,^[4] but Court denied the responsibility of the company.^[5]

References

^ Lee, Tae-hee (January 19, 2022). "Gmarket Global is new name for eBay Korea". Korea JoongAng Daily. Retrieved June 11, 2022.
^ Kim, Yongseok (2008-04-18). "옥션 해킹… 1081만명 정보 샜다" [Auction cracked... 11M people affected]. The Dong-a Ilbo (in Korean). Retrieved 18 December 2014.
^ ^a ^b Seo, Sojeong (2010-03-25). "[3보]옥션 회원 782만명 피해 사실 몰라" [8M Auction user unaware of their private information leak]. iNews (in Korean). Retrieved 18 December 2014.
^ Lee, Yuji (2008-03-06). "'옥션' 개인정보유출 사건, 집단소송으로 비화" ['Auction' Private information leak, end in a lawshit]. DigitalDaily (in Korean). Retrieved 18 December 2014.
^ Lee, Jinkyu (2013-05-06). "[단독] '개인정보 유출' 옥션 피해자들 항소심도 패소…결국 대법원으로" [Auction lawshit loses in appeal court... case goes to Supreme Court]. Asia Today (in Korean). Retrieved 18 December 2014.