-6.4 C
Ottawa
Monday, December 29, 2025

South Korean Retail Giant Coupang Offers $1.17 Billion Compensation for Data Breach

Date:

The 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.

About the author: Bill Pan
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

How Major US Stock Indexes Fared Dec. 29

Stocks slipped on Wall Street, while crude oil prices...

Gas Prices Drop for 5th Consecutive Week: GasBuddy

A man fills his gas tank at a gas...

Trump Criticizes Alleged Ukrainian Strike on Putins Residence

Satellite imagery shows Vladimir Putin's residential complex in Roshchino,...

Taiwans Opposition Leader Hopes to Meet Chinas Xi in 1st Half of 2026

Newly elected opposition Kuomintang (KMT) leader Cheng Li-wun delivers...