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south-korean-retail-giant-coupang-offers-$1.17-billion-compensation-for-data-breach
South Korean Retail Giant Coupang Offers $1.17 Billion Compensation for Data Breach

South Korean Retail Giant Coupang Offers $1.17 Billion Compensation for Data Breach

Last updated: December 31, 2025 8:48 pm
By
Bill Pan
1 Min Read
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South Korean Retail Giant Coupang Offers $1.17 Billion Compensation for Data Breach

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 Images

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.

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