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Is Korea Moving Towards EU-Style Legislation for Financial Institutions?

By Hee-Eun Kim and Monika Kuschewsky In January 2014, a massive data leak of some 104 million credit card accounts shocked South Korea.  The number of affected accounts was twice the number of the population of South Korea’s.  The incident arose when a temporary employee of a personal credit rating agency that manages personal financial … Continue Reading

Korea Strengthens Protection for ‘Resident Registration Numbers’ (RRNs): Leaks May Face a Fine of up to 0.5 Billion Korean Won

On July 30, 2013, the Korean Ministry of Security and Public Administration (MOSPA) announced several amendments to the Personal Information Protection Act (PIPA) concerning collection and use of ‘Resident Registration Numbers’ (RRNs) – Korea’s national identification numbers. The PIPA is a general legal framework for personal information protection and is complemented by several sector-specific laws. … Continue Reading

Korea Strengthens Protection for ‘Resident Registration Numbers’ (RRNs): Leaks May Face a Fine of up to 0.5 Billion Korean Won

On July 30, 2013, the Korean Ministry of Security and Public Administration (MOSPA) announced several amendments to the Personal Information Protection Act (PIPA) concerning collection and use of ‘Resident Registration Numbers’ (RRNs) – Korea’s national identification numbers. The PIPA is a general legal framework for personal information protection and is complemented by several sector-specific laws. … Continue Reading

Korean Regulators to Investigate Google’s Privacy Policy Changes

The Korean Herald reports that the Korea’s Communications Commission (KCC) has opened an investigation into Google’s rollout of its new privacy policy in that country.  The investigation reportedly will focus on whether the company has received sufficient consent to the changes to Google’s existing policy and whether Google is collecting more data than is required … Continue Reading
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