-1.2 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

US Forces Took Out Drug Boat Facility in Venezuela in Airstrike: Trump

The president made the comments in a radio interview...

Saving for a Typical Down Payment Takes 7 Years in 2025: Report

That’s down from 12 years in 2022 but nearly...

Pending Home Sales in US Jump to Near 3-Year High in November

A "for sale" sign is displayed near a home...

OpenAI Looking to Hire Head of Preparedness to Tackle AI Dangers

Artificial IntelligenceThe role, based in San Francisco, requires the...