Coupang announces $1.18 billion compensation to South Korean users for data leak

Posted under: Online Security
Date: 2025-12-29
Coupang Offers $1.18B Compensation for Data Leak | Justo Global

Coupang, South Korea's e-commerce giant, will compensate 33.7 million account holders with 1.69 trillion won ($1.18 billion) following a significant data breach. Each affected customer will receive vouchers worth 50,000 won. Founder Kim Bom publicly apologized but will not attend impending parliamentary hearings due to prior commitments. Critics, including lawmaker Choi Min-hee, argue that the voucher system serves as a marketing tactic rather than genuine restitution. The situation has intensified scrutiny of the company's handling of the crisis.

Read more at: www.livemint.com

Related videos

Coupang announces $1.18 billion compensation to South Korean users for data leak

Posted under: Online Security
Date: 2025-12-29
Coupang Offers $1.18B Compensation for Data Leak | Justo Global

Coupang, South Korea's e-commerce giant, will compensate 33.7 million account holders with 1.69 trillion won ($1.18 billion) following a significant data breach. Each affected customer will receive vouchers worth 50,000 won. Founder Kim Bom publicly apologized but will not attend impending parliamentary hearings due to prior commitments. Critics, including lawmaker Choi Min-hee, argue that the voucher system serves as a marketing tactic rather than genuine restitution. The situation has intensified scrutiny of the company's handling of the crisis.

Read more at: www.livemint.com
Open-source: The power of collective information

Open-source: The power of collective information

Open-source: The power of collective infor...

Elevate Your Sales Using Managed Services - Don't Miss Out!

Elevate Your Sales Using Managed Services - Don't Miss Out!

Elevate Your Sales Using Managed Services ...

How CRM Transforms Customer Relationships? #crm #technology #technews #business #businessautomation

How CRM Transforms Customer Relationships? #crm #technology ...

How CRM Transforms Customer Relationships?...