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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

    Ironside NewsBy Ironside 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 doable, 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 likewise pledged investments and reforms to stop 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 Celebration 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 info, and confirmed that information from 3,000 of Coupang’s 33 million clients had been saved by a suspect on his private laptop however was not transferred or bought to any third occasion.

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

    South Korean lawmakers are in search of to take authorized motion towards 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 intently with the South Korean authorities’s investigation into the breach, whereas sustaining confidentiality.

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



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