Coupang Offers $1.7B Compensation for Data Leak Victims
Update: 2025-12-29
Description
South Korean e-commerce giant Coupang announces a massive compensation package worth AU$1.76 billion for users affected by a data leak, offering a 50,000 won voucher each. Founder Kim Bom apologizes, but faces criticism for skipping parliamentary hearings. A former employee is identified as the culprit, with data from only three thousand accounts kept before being wiped. Coupang aims to rebuild trust after the breach.
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