South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach
CNBC••business
Key Points:
- Coupang announced it will compensate 34 million users affected by a recent data breach with purchase vouchers worth 50,000 won each, totaling approximately 1.69 trillion won ($1.17 billion).
- The vouchers will be available to both current and former customers, with eligibility checks starting January 15.
- Interim CEO Harold Rogers apologized for the breach and described the compensation as a "responsible measure" to fulfill the company's obligations to customers.
- Coupang founder Kim Bom also issued an apology, admitting the company's initial communication about the breach was inadequate and expressing regret for the delayed response.
- The company stated it recovered all leaked customer data through government cooperation, confirming that only about 3,000 records were on the
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