South Korean e-commerce giant Coupang has confirmed that it will compensate customers affected by a recent user data breach, pledging over $1.17 billion in vouchersSouth Korean e-commerce giant Coupang has confirmed that it will compensate customers affected by a recent user data breach, pledging over $1.17 billion in vouchers

South Korean e-commerce giant Coupang has confirmed that it will compensate customers affected by a recent user data breach

South Korean e-commerce giant Coupang has confirmed that it will compensate customers affected by a recent user data breach, pledging over $1.17 billion in vouchers. The company emphasized that the breach only affected customer names, email addresses, some order histories, and home addresses, not payment and login details.

The South Korean-founded and U.S.-headquartered online retail giant stated on December 29 that customer compensation is expected to restore trust, taking responsibility for the recent personal user data breach. The compensation plan is expected to cover approximately 37.7 million former and current customers. 

Meanwhile, the sequential payments of about 50,000 won (~$34.87) per person are scheduled to begin on January 15, 2026. Each customer is expected to receive four purchase vouchers, including Coupang Eats worth ~$3.49 (5,000 Won), Rocket Direct Purchase, Seller Rocket, Rocket Delivery, and all Coupang Marketplace products (5,000 Won), Coupang Travel products worth ~$13.95 (20,000 Won), and Allux products (20,000 Won).

Rogers says company executives deeply reflecting

Coupang’s interim CEO, Harold Rogers, said the company’s executives and employees are deeply reflecting on the extent of harm the recent data leak has caused the affected customers. Preparing a compensation plan is part of the company’s responsible measures for its customers. The compensation plan is also a response to harsh criticism from major South Korean organizations. 

The South Korean company said all affected customers can check their eligibility on the Coupang app starting January 15, 2026. Eligible customers can apply for the offer when purchasing products. Further details will be announced separately.

Meanwhile, Rogers believes that the incident is an opportunity for his company to practice customer-focused service provision and fulfill its responsibility to the end. Coupang has also warned its customers not to click on random links from suspicious sources and to report any unknown activity. The company further urged its customers to exercise caution against text messages and phone calls that impersonate Coupang.

Seoul police identify Chinese national as main suspect

The Seoul National Police Agency identified a 43-year-old Chinese national, who was a former employee, as the primary suspect. The suspect had worked at Coupang from November 2022 to 2024, somehow retaining access to internal systems.

The Second Vice Minister Ryu Je-myung said the attacker used the company’s electronic coupon key, which is required to access Coupang’s servers. Meanwhile, the investigations revealed that the data breach lasted from late June to early November. 

The incident has also led to an increase in phishing activity, with several reports of Coupang impersonation. The Seoul police have reportedly been gathering records, including internal documents, logs, system records, user credentials, access histories, and IP addresses, to understand how the suspect gained access to the company’s system.

Meanwhile, a major customer exodus is underway as the company continues to face intense government and legal scrutiny. Nearly two-thirds of South Korea’s population is reportedly affected by the recent data breach. 

Data retrieved from the IGAWorks-owned data analytics platform, Mobile Index, revealed that Coupang’s daily active users (DAUs) declined from the record high of 17.99 million on December 1 to 15.94 million on December 6. Mobile Index said the reversal followed a short period of surge in app traffic as customers rushed to either delete their accounts or change their passwords. 

Some of the South Korean customers appear to have moved to rival companies, such as Gmarket, which saw its DAUs jump by 5.8% from 1.36 million to 1.43 million between November 29 and December 5. 11th Street also saw a 14.33% increase in traffic, while Naver Plus Store’s traffic rose 23.1%.

Get up to $30,050 in trading rewards when you join Bybit today

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘Euphoria’ Season 3 Is Now ‘Grand Theft Auto’ Meets ‘Breaking Bad’

‘Euphoria’ Season 3 Is Now ‘Grand Theft Auto’ Meets ‘Breaking Bad’

The post ‘Euphoria’ Season 3 Is Now ‘Grand Theft Auto’ Meets ‘Breaking Bad’ appeared on BitcoinEthereumNews.com. Euphoria/GTA 5 HBO/Rockstar Euphoria season 3 is
Share
BitcoinEthereumNews2026/01/16 04:16
UK FCA Plans to Waive Some Rules for Crypto Companies: FT

UK FCA Plans to Waive Some Rules for Crypto Companies: FT

The post UK FCA Plans to Waive Some Rules for Crypto Companies: FT appeared on BitcoinEthereumNews.com. The U.K.’s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing rules for financial service companies to the unique nature of cryptoassets, the FT reported, citing a consultation paper published Wednesday. “You have to recognize that some of these things are very different,” David Geale, the FCA’s executive director for payments and digital finance, said in an interview, according to the report, adding that a “lift and drop” of existing traditional finance rules would not be effective with crypto. One such area that may be handled differently is the stipulation that a firm “must conduct its business with integrity” and “pay due regard to the interest of its customers and treat them fairly.” Crypto companies would be given less strict requirements than banks or investment platforms on rules concerning senior managers, systems and controls, as cryptocurrency firms “do not typically pose the same level of systemic risk,” the FCA said. Firms would also not have to offer customers a cooling off period due to the voltatile nature of crypto prices, nor would technology be classed as an outsourcing arrangement requiring extra risk management. This is because blockchain technology is often permissionless, meaning anyone can participate without the input of an intermediary. Other areas of crypto regulation remain undecided. The FCA has plans to fully integrate cryptocurrency into its regulatory framework from 2026. Source: https://www.coindesk.com/policy/2025/09/17/uk-fca-plans-to-waive-some-rules-for-crypto-companies-ft
Share
BitcoinEthereumNews2025/09/18 04:15
What Is The Insurrection Act? Here’s What Happens If Trump Invokes Law In Minnesota

What Is The Insurrection Act? Here’s What Happens If Trump Invokes Law In Minnesota

The post What Is The Insurrection Act? Here’s What Happens If Trump Invokes Law In Minnesota appeared on BitcoinEthereumNews.com. Topline President Donald Trump
Share
BitcoinEthereumNews2026/01/16 03:55