CJ Logistics was strong in intraday trading on the 3rd. The rise is seen as driven by expectations that CJ Logistics will benefit from Coupang's massive personal data leak.
As of 11:40 a.m., CJ Logistics was trading at 99,800 won, up 6,400 won (6.85%) from the previous trading day. It climbed to 100,500 won intraday, setting a 1-year high.
As Coupang showed signs of customers leaving over the personal data leak, buying is seen gathering on expectations that the departing demand will flow to the own malls of e-commerce operators such as Naver, Gmarket, 11Street, and Kurly, and major food corporations.
Major competitors are already known to have joined hands with parcel delivery companies such as CJ Logistics to build a fast delivery system to counter Coupang's Rocket Delivery.
Coupang said on the 29th that it confirmed personal information from 33.7 million customer accounts had been exposed. The exposed data included customer names, email addresses, names, phone numbers, and addresses saved in shipping address books, and some order information. Earlier, on the 18th, Coupang became aware of a personal data leak affecting more than 4,500 people and reported it to the relevant authorities.