In South Korea, a big e-commerce company agrees to compensate its customers for being hacked.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm Gideon Long. Good morning.

The South Korean e-commerce firm, Kupang, has agreed to pay over a billion dollars in compensation to its users for a massive data breach.

The BBC's Archina Shukla can tell us more.

Hi, Arjuna.

Hi, Gideon.

Just reminders of this story, because it was a huge breach, wasn't it?

Yes, absolutely.

It was personal data for almost two-thirds of the South Korean population.

Kupong is one of the largest e-commerce players

in South Korea, and it's often called South Korea's Amazon. And nearly 33 million accounts were

exposed. Although later the company said that data for only 3,000 accounts were stolen, but it

certainly did expose information for pretty much most of the adult population.

And one of the most astonishing things about it is that the breach of the service apparently

began in June this year, but the company didn't notice anything until November. Have they said

anything about why there was such a delay? Well, they haven't mentioned why there was a delay in

finding out the

issues. But they did mention that earlier they had inspected about 4,500 accounts having some

sort of, you know, a not normal situation. But the company's CEO has definitely come out and

apologize that they should have addressed this crisis much earlier.

And do we know who was behind this hack?

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