Coupang announces $1.5 billion compensation to South Korean users for data leak

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Coupang said users will get vouchers of $44 each for its various services.

PHOTO: REUTERS

SEOUL - South Korean e-commerce company Coupang announced on Dec 29 a compensation package of 1.69 trillion won (S$1.5 billion) to holders of 33.7 million accounts for

a massive data leak

Coupang said users will get vouchers of 50,000 won each for its various services.

The plan comes a day after Coupang founder Kim Bom issued his

first public apology for the data breach

However, Mr Kim has declined to attend parliamentary hearings scheduled for Dec 30 and 31, citing prior commitments. REUTERS