Coupang falls after South Korea's worst data breach in over a decade

Coupang

01/12/2025 09:56

** Shares of South Korean e-commerce giant Coupang CPNG.N fall 8.6% to $25.75 premarket

** Co says personal information from 33.7 mln customer accounts was breached via unauthorized data access, marking the country's worst data breach in over a decade

** The breach has exposed customers' names, emails, phone nos, shipping addresses and certain order histories but not payment details or login credentials, CPNG says

** South Korean police says they are probing the incident

** 13 of 15 brokerages rate the stock "buy" or higher, two "hold"; their median PT is $38- data compiled by LSEG

** Up to last close, stock up 28% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))