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    Home»Trending News»Coupang founder Kim Bom apologises for data leak, pledges compensation
    Trending News

    Coupang founder Kim Bom apologises for data leak, pledges compensation

    Team_Prime US NewsBy Team_Prime US NewsDecember 28, 2025No Comments2 Mins Read
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    SEOUL: On-line retailer Coupang’s founder, Kim Bom, apologised for the primary time for a current leak of customer data and pledged to unveil a compensation plan as quickly as attainable, in an announcement posted on the South Korean firm’s web site.

    Coupang’s US-based chairman mentioned in Korean that he “sincerely ‍apologises” for the info ⁠breach, ‍which was first revealed in November, and in addition pledged investments and reforms to forestall information breaches.

    Kim has confronted intense criticism in ⁠South Korea for failing to attend parliamentary hearings held in Seoul earlier this month on ‍one of many nation’s worst information breaches.

    On Sunday, Rep Choi Min-hee of the ruling Democratic Social gathering posted on Fb a photograph of a doc that Kim despatched to the Nationwide Meeting, saying he would once more be unable to attend a listening to scheduled for this week, citing different appointments.

    “What in his schedule might ‌be extra essential to him than this hacking incident?” Choi mentioned. “Kim is insulting the general public.”

    Kim mentioned the corporate, cooperating with ‍the ‌authorities, has restored all leaked private data, and confirmed that information from 3,000 of Coupang’s 33 million prospects had been saved by a suspect on his private laptop however was not transferred or offered to any third social gathering.

    Coupang will announce a compensation plan for South Korean prospects ‌as quickly as attainable, he mentioned, with out elaborating.

    South Korean lawmakers are looking for to take authorized motion in opposition to the corporate’s billionaire founder, arguing the New York-listed on-line retailer earns most of its income from gross sales in South Korea.

    Kim mentioned Coupang had labored carefully with the South Korean authorities’s investigation into the breach, whereas sustaining confidentiality.

    The remark adopted a criticism by the federal government that the agency unilaterally disclosed data ‌that the suspect was a former ‌worker.



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