South Korea’s largest e-commerce platform, Coupang (CPNG) announced compensation exceeding $1 billion for victims of its massive data breach, the largest in the country’s history.
The retailer said that each of its 33.7 million customers affected by the incident would receive vouchers worth up to 50,000 won ($35), to be distributed in phases starting January 15, 2026. Vouchers break down as 5,000 won for general Coupang products, 5,000 won for Coupang Eats delivery, 20,000 won for Coupang Travel, and 20,000 won for R.LUX luxury beauty.
Coupang’s (CPNG) CEO, Park Dae-jun, stepped down after taking responsibility for a huge data breach.
Its interim CEO Harold Rogers called the breach a “pivotal moment,” pledging a customer-centric shift to rebuild trust.