Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to have you here. Today is Monday, December 29th. I'm Julie Morgan. A billion-dollar data breach at Kupong.

A Chinese rocket startup is aiming to take on SpaceX and a new warning label for social media

in New York.

South Korea's largest e-commerce platform announces compensation exceeding $1 billion

for victims of its massive data breach, which was the largest in the country's history.

Kupang said that each of its 33.7 million customers affected by the incident would receive

vouchers worth up to $50,000, or $35, to be distributed in phases starting on January 15th.

The vouchers break down as $5,000 for general products, another 5,000 for eats delivery,

20,000 one for travel, and another 20,000 for our Lux luxury beauty.

The CEO of the company stepped down after taking responsibility for the incident, which was revealed last month.

Its interim CEO called the breach a pivotal moment,

pledging a customer-centric shift to rebuild trust. Landspace, a private rocket company

in China, advancing its reusable rocket technology, plans to go public to fund its future projects

according to a report from Reuters.

This challenges, of course, the dominance of SpaceX.

Though Landspace's Zup 3 rocket test failed, the company aspires to compete with SpaceX and reusable rockets,

giving a boost to China's space industry, which has long been controlled by state-owned companies. Land space is based in Beijing and was founded in 2015. It is one of the first startups after China opened its space sector to

private investment in 2014. Zoot Three's chief designer told state broadcaster CCTV that substantial

financial support for SpaceX played a major

role in enabling the company to incur huge losses while testing Starship. He said land space is not yet able to do that.

He added that he believes China has recognized this, allowing capital markets to support companies in areas like

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