SEOUL, Aug. 1 (Korea Bizwire) — From next year at the earliest, anyone who is feared for financial loss after an incident of personal information theft will be permitted to change her national identification number. In addition, organizations that are responsible for leaking personal information deliberately or by negligence will have to pay up to [...]
SEOUL, Korea, April 14, 2014 (Korea Bizwire) – Beginning in June this year, credit card companies won’t be supposed to require new card applicants to enter their national identification numbers on the card application forms. Given credit card issuers have not found an alternative way to identify customers, however, the companies will be allowed to [...]
SEOUL, Korea, Feb 28 (Korea Bizwire) – It was the night before the Lunar New Year’s Day holidays on January 28. At the main office of Hyundai Card and Hyundai Capital in Seoul’s Yoido, 30 or so information security investigators moved into the empty offices. They walked in to every office to see if any [...]
SEOUL, Korea, Feb 23 (Korea Bizwire) – Ahead of the enforcement of a new law on personal information protection on August 7 this year, those in the financial service industry are nervous about what will happen afterward. Unless credit card companies, finance companies, and other smaller lenders are able to find legally permissible grounds for [...]