South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach
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.
TL;DR
- Coupang will offer 1.69 trillion South Korean won ($1.17 billion) in compensation to 34 million users affected by a data breach.
- Compensation will be in the form of purchase vouchers for various Coupang services.
- Former customers who closed their accounts after the breach are also eligible for vouchers.
- Interim CEO Harold Rogers and founder Kim Bom have apologized to customers.
- The data breach led to the resignation of CEO Park Dae-jun.
- Coupang claims all leaked customer information has been recovered and was limited to 3,000 records not distributed externally.