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Coupang's Bom Kim Apologizes for Data Breach, Stock Rises

12/28/2025

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Summary

Story summary

Coupang founder Bom Kim apologized for a data breach affecting 33.7 million user accounts.
He pledged a compensation plan and a cybersecurity overhaul.
Kim will not attend a forthcoming parliamentary hearing due to prior commitments.
Coupang's stock rose over 6% on the New York Stock Exchange after the apology.
The Ministry of Science and ICT condemned Coupang's handling as unilateral.

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Story summary

Coupang founder Bom Kim apologized for a data breach affecting 33.7 million user accounts.
He pledged a compensation plan and a cybersecurity overhaul.
Kim will not attend a forthcoming parliamentary hearing due to prior commitments.
Coupang's stock rose over 6% on the New York Stock Exchange after the apology.
The Ministry of Science and ICT condemned Coupang's handling as unilateral.