SEOUL, Sept. 14 (Korea Bizwire) — The Personal Information Protection Commission (PIPC) on Wednesday slapped a combined fine of 100 billion won (US$71.9 million) on Google and Meta Platforms for collecting personal information without users’ consent and using it for personalized online advertising and other purposes, officials said. In a general meeting, the commission approved [...]
SEOUL, Feb. 9 (Korea Bizwire) — In a move to cope with the change in the technological environment brought on by the emergence of blockchain services, personal data that cannot be deleted permanently will be deemed as being destroyed if it is turned into unrestorable anonymous information, the state watchdog on personal information protection said [...]
SEOUL, Oct. 7 (Korea Bizwire) — More than 280 million personal data records have been leaked from public and private organizations over the past eight and a half years, a ruling party lawmaker said Wednesday, calling for reinforcing relevant liability insurance regulations. Rep. Kim Byung-wook of the Democratic Party, citing data from the Personal Information [...]
SEOUL, Feb. 12 (Korea Bizwire) — Lawmakers have submitted a bill that would allow broader access to private information, on the condition that the data is tightly veiled under pseudonyms, parliamentary officials said Tuesday. Signed on by 10 legislators, the bill proposes allowing data holders to release personal information for use other than intended purposes [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korea will mandate that foreign IT companies designate an official in charge of managing personal information, sources said Friday. According to the industry sources, a relevant law was passed through a regular session of the National Assembly a day earlier that makes it mandatory for companies without addresses [...]
SEOUL, Jan. 8 (Korea Biwire) — Fewer than half of South Korean companies dedicated funds to data protection in 2017, a government report showed Monday. According to the report by the Ministry of Science and ICT, only 48.1 percent of 9,000 local companies assessed showed interest in monitoring and protecting corporate data. Only 2.2 percent [...]
SEOUL, July 23 (Korea Bizwire) — Personal data of over 43 million citizens, which accounts for about 90 percent of South Korea’s total population, was leaked to a multinational statistics company, prosecutors said Thursday. A joint team of prosecutors and government officials said 24 people from a medical program development firm, only identified by the [...]
SEOUL, March 24 (Korea Bizwire) — The Korea National Council of Consumer Organizations has sent a letter of inquiry to the OECD to investigate Tesco-owned supermarket Homeplus over allegations that the company sold customers’ private information to insurance firms, according to a statement on March 23. The council claimed that Homeplus and its parent company Tesco [...]