US EditionCoupang announces $1.18 billion compensation to South Korean users for data leak
Coupang will distribute 50,000 won vouchers to 33.7 million users totaling 1.18 billion USD after a major data breach, amid public criticism and parliamentary scrutiny.
- On December 29, 2025, Coupang announced it will issue company vouchers of 50,000 won per user as compensation after a massive data leak.
- Last week, Coupang said it identified the former employee, retrieved devices and found the perpetrator retained data from only 3,000 accounts before deleting it; this follows founder Kim Bom's apology a day earlier.
- Amid mounting criticism, Choi Min-hee said Coupang was `bundling coupons for services no one uses` and the Korea National Council of Consumer Organizations called the plan `made a mockery of consumers`.
- South Korea's parliament plans two days of hearings on Coupang starting on Tuesday, but Kim Bom, Coupang founder, has declined to attend and the company said it had no further comment.
- At scale, Coupang announced a total compensation of 76 billion won for 33.7 million accounts affected by the data leak.
27 Articles
27 Articles
In South Korea, a month after the massive data leak hit the electronic commerce giant Coupang, its founder presented a public apology on Saturday, 27 December. He announced a compensation plan of more than $1 billion (approximately 850 million euros), one of the most important ever put in place in the country following a cybersecurity incident.
연합뉴스-Yonhap News Agency
Naver(Seoul = Yonhap News) Reporter Jo Seong-mi = Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon, who is also the head of the 'Coupang Incident Government-wide Task Force', said on the 30th that the scope of Coupang's personal information leak...
CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman CPNG Investors with Losses Encouraged to Contact the Firm - Coupang (NYSE:CPNG)
Open the article to view the coverage from Benzinga
Coupang announces $1.18 billion compensation to South Korean users for data leak
South Korean e-commerce company Coupang announced on Monday a compensation deal worth 1.69 trillion won ($1.18 billion) to holders of 33.7 million accounts for a massive data leak that triggered a backlash from users and lawmakers.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
