South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach

South Korean retail giant Coupang to compensate .1 billion to affected users over data breach


A general view shows 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 | Getty Images

South Korean online retail giant Coupang said it will offer 1.69 trillion South Korean won ($1.17 billion) in compensation to 34 million users affected by a massive data breach disclosed last month.

The company said in a statement Monday local time that it planned to provide customers with purchase vouchers totaling 50,000 won for various Coupang services.

Former customers who closed their Coupang accounts following the data breach are also eligible to receive the vouchers.

Coupang said users can check their eligibility for the vouchers starting Jan. 15, according to a Google translation of the statement in Korean.

Harold Rogers, interim CEO for Coupang Corp., described the move as a “responsible measure for our customers,” and said the company would “fulfill its responsibilities to the end.”

“I once again deeply apologize to our customers,” he said in the statement.

This is breaking news, please check back for updates.



Source

United Airlines to cut more flights as it eyes oil above 0 through 2027
World

United Airlines to cut more flights as it eyes oil above $100 through 2027

A United Airlines Boeing 737 MAX 8 airplane arrives at Los Angeles International Airport from Orlando on January 2, 2025 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images United Airlines is cutting more ​unprofitable flights over the next two quarters as it prepares for a prolonged period of high jet fuel […]

Read More
U.S. issues 30-day sanctions waiver for sale of Iranian oil at sea
World

U.S. issues 30-day sanctions waiver for sale of Iranian oil at sea

Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the U.S.-Israeli war on […]

Read More
Super Micro co-founder indicted on Nvidia smuggling charges leaves board
World

Super Micro co-founder indicted on Nvidia smuggling charges leaves board

Jaque Silva | Nurphoto | Getty Images Super Micro Computer said Yih-Shyan “Wally” Liaw, a co-founder, has resigned from the server maker’s board after he was indicted in the U.S. on allegations of smuggling equipment containing Nvidia artificial intelligence chips into China. A federal court unsealed the indictment on Thursday. While the company wasn’t specified, […]

Read More