Coupang CEO resigns over data breach, shares fall

Coupang

10/12/2025 13:01

** Shares of South Korean e-commerce platform Coupang CPNG.N fall 1.2% to $26.62 premarket after CEO Park Dae-jun resigns

** Co uncovers a massive data leak in November affecting more than 33 million customers

     ** SoftBank-backed co says it "deeply apologizes for causing concerns to the public"

** Harold Rogers, chief administrative officer of its parent company in the U.S., to be interim CEO

** South Korea PM Kim Min-seok warned of stern action on Tuesday

** Up to last close, CPNG stock up 22.5% YTD

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))