Coupang stock rises; firm unveils $1.18 billion compensation for data breach

U.S.-listed shares of South Korean e-commerce firm Coupang CPNG.N up 2.8% at $24.93 premarket

CPNG announces 1.69 trillion won ($1.18 billion) compensation plan for 33.7 million account holders after massive data leak

Customers to each receive 50,000 won vouchers redeemable on Coupang platforms

Move comes day after founder Kim Bom’s public apology; Kim declines to attend parliamentary hearings on the leak this week citing prior commitments

Critics say voucher-based compensation turns crisis into business opportunity; consumer groups call plan a “mockery”

CPNG up 10.4% YTD, as of last close