Coupang slips as CEO resigns over data breach

Coupang

10/12/2025 15:16

Updates

** Shares of South Korean e-commerce platform Coupang CPNG.N fall 4% to a seven-month low of $25.86

** CEO Park Dae-jun resigns, taking responsibility for  a massive data leak in November that affected more than 33 million customers

** Shares down about 14% since the breach was first reported

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

** Data breach, however, did not expose any payment details or login credentials of customers

** South Korea PM Kim Min-seok warned of stern action on Tuesday against any legal violations found in the investigation

** Including the session's move, CPNG stock up 18.4% YTD

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))