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Kakao Pay Halts Data Sharing with Alipay Amid Regulatory Probe into Massive User Data Leak

Kakao Pay Halts Data Sharing with Alipay Amid Regulatory Probe into Massive User Data Leak

SEOUL, Aug. 14 (Korea Bizwire) – Kakao Pay, a leading digital payment service in South Korea, announced on Wednesday that it has ceased sharing user information with Alipay since mid-May, following a controversial breach involving the unauthorized disclosure of personal credit data. In a statement, Kakao Pay revealed that the suspension of information sharing began on [...]

Ex-Samsung Exec Indicted for Stealing Trade Secrets to Build Copycat Plant in China

Ex-Samsung Exec Indicted for Stealing Trade Secrets to Build Copycat Plant in China

SEOUL, June 12 (Korea Bizwire) — A former senior executive of Samsung Electronics Co. has been arrested and indicted for stealing the chip giant’s trade secrets to build a copycat chip plant in China, prosecutors said Monday. The 65-year-old former executive, whose name is withheld, was charged with violating the industrial technology protection and unfair [...]

110,000 More Users Affected in LG Uplus’ Data Breach

110,000 More Users Affected in LG Uplus’ Data Breach

SEOUL, Feb. 4 (Korea Bizwire) — LG Uplus Corp. said Friday last month’s data breach affected a total of 290,000 users, about 110,000 more than initially suspected. On Jan. 10, the nation’s third-largest wireless carrier disclosed that personal data of 180,000 customers, including their names, birth dates and phone numbers, had been breached. The company [...]

Nearly 35,000 S. Korean-owned Facebook Accounts Exposed to Data Leak

Nearly 35,000 S. Korean-owned Facebook Accounts Exposed to Data Leak

SEOUL, Oct. 14 (Korea Bizwire) — Nearly 35,000 South Korean-owned Facebook accounts are believed to have been hit by a data leak following the hacking of the U.S.-based online social media company last month, the nation’s communications watchdog said Sunday. The Korea Communications Commission (KCC) said 34,891 Facebook accounts owned by South Koreans were subject [...]