Coupang Offers $1 Billion Compensation for Data Breach Victims

Core Viewpoint - Coupang is providing over $1 billion in compensation to customers affected by South Korea's largest data breach, impacting 33.7 million individuals [1][2]. Group 1: Compensation Details - Coupang will offer vouchers worth up to 50,000 won ($35) to each affected customer, including 5,000 won for all products, 5,000 won for food delivery, 20,000 won for travel products, and 20,000 won for luxury beauty shopping [2]. Group 2: Impact and Response - The breach has led to a government investigation and has disrupted the lives of millions, with nearly two-thirds of those affected [3]. - The company's founder, Bom Kim, did not attend a parliamentary hearing regarding the breach, nor did the former head of Korean operations, Park Dae-jun [3]. Group 3: Investigation Findings - Coupang identified a former employee who allegedly accessed personal data from 33 million accounts, retaining user data from approximately 3,000 of those accounts [4].