South Korean Retail Giant Coupang Offers $1.1 Billion Compensation for Data Breach

Tthe logo of South Korean online delivery service Coupang, at a building housing the company’s headquarters in Seoul on Dec. 9, 2025. Jung Yeon-je/AFP via Getty ImagesCoupang, South Korea’s largest online retailer, plans to spend 1.69 trillion won (about $1.17 billion) to compensate users affected by a massive data breach.The e-commerce giant said on Dec. 29 that it is “fully acknowledging” its responsibility for the breach and will offer purchase vouchers worth up to 50,000 won (about $35) to each of the 33.7 million South Korean customers whose personal information was compromised.