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Home Trading News Stock Market

Coupang announces $1.18 billion compensation to South Korean users for data leak

December 29, 2025
in Stock Market
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Coupang announces .18 billion compensation to South Korean users for data leak
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SEOUL, – South Korean e-commerce firm Coupang introduced on Monday a compensation deal value 1.69 trillion received to holders of 33.7 million accounts for an enormous knowledge leak that triggered a backlash from customers and lawmakers. 

Coupang mentioned prospects will get firm vouchers of fifty,000 received every.

The plan comes a day after Coupang founder Kim Bom issued his first public apology for final month’s knowledge breach and pledged to expedite compensation measures. Nevertheless, Kim has declined to attend parliamentary hearings scheduled for Tuesday and Wednesday, citing prior commitments.

Nevertheless, criticism has mounted over Coupang’s determination to supply compensation within the type of vouchers that may solely be used by itself companies and platforms.

Choi Min-hee, a lawmaker of the ruling Democratic Social gathering and chair of the Nationwide Meeting’s Science, ICT, Broadcasting and Communication committee, mentioned in a Fb put up that Coupang was “bundling coupons for companies nobody makes use of,” criticising the corporate for providing vouchers tied to its much less common companies.

She added that Coupang gave the impression to be making an attempt to show the disaster right into a enterprise alternative.

Shopper advocacy group Korea Nationwide Council of Shopper Organizations mentioned Coupang’s plan made a mockery of customers and downplayed the severity of the information breach, describing it as a advertising device designed to encourage further purchases reasonably than as an indication of restitution.

When requested about public criticism of its compensation plan, Coupang mentioned it had no additional remark.

South Korea’s parliament plans to carry two days of hearings on Coupang beginning on Tuesday.

This text was generated from an automatic information company feed with out modifications to textual content.



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Tags: AnnouncesBillionCompensationCoupangdataKoreanLeakSouthUsers
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