Coupang stock pops in premarket after $1.18 billion voucher plan tied to data leak
Coupang shares rose 3.1% to $25.03 premarket after the company announced a 1.69 trillion won ($1.18 billion) voucher plan for 33.7 million customers affected by a major data leak. South Korea’s parliament will hold hearings on the breach starting Tuesday. Critics say the vouchers, usable only on Coupang’s platform, amount to a marketing move. Coupang said no payment data was compromised and warned of possible regulatory penalties.