Coupang, 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.
According to the company, each affected user will receive four single-use vouchers: 5,000 won (about $3.48) usable across Coupang’s main retail services; 5,000 won for its food-delivery service; 20,000 won (about $14) for its travel products; and 20,000 won for its beauty platform.
Users will be able to check their eligibility and begin receiving the vouchers starting Jan. 15, 2026, the company said. Former customers who closed their Coupang accounts after the breach will still be eligible….
South Korean Retail Giant Coupang Offers $1.1 Billion Compensation for Data Breach
