Coupang stock rises; firm unveils $1.18 billion compensation for data breach

Coupang

29/12/2025 10:09

** U.S.-listed shares of South Korean e-commerce firm Coupang CPNG.N up 2.8% at $24.93 premarket

** CPNG announces 1.69 trillion won ($1.18 billion) compensation plan for 33.7 million account holders after massive data leak

** Customers to each receive 50,000 won vouchers redeemable on Coupang platforms

** Move comes day after founder Kim Bom’s public apology; Kim declines to attend parliamentary hearings on the leak this week citing prior commitments

** Critics say voucher-based compensation turns crisis into business opportunity; consumer groups call plan a “mockery”

** CPNG up 10.4% YTD, as of last close

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))