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Coupang to Compensate Customers with $1.17 Billion After Data Breach

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Seoul, Dec 29 (IANS) E-commerce giant Coupang announced a compensation plan worth more than 1.68 trillion won ($1.17 billion) on Monday following a massive personal data breach.The compensation plan comes a day after Coupang founder Kim Bom-suk issued his first public apology since the incident, which affected nearly two-thirds of South Korea’s population, reports Yonhap news agency.Under the plan, the U.S.-listed company will provide 50,000 won worth of discounts and coupons to each of 33.7 mil…