Auction Co. is an online auction company based in

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

. It was acquired by

eBay eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a ...

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. 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. Users filed a lawsuit against the company, but

Court A court is any person or institution, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters in accordance ...

denied the responsibility of the company.

References

EBay Shinsegae Group Online auction websites of South Korea Internet properties established in 1998 South Korean companies established in 1998 2001 mergers and acquisitions {{Commerce-website-stub