The South Korean Presidential Office convened an emergency interagency meeting, including the Foreign Ministry and National Tax Service, to address Coupang’s data breach, signaling a tough government stance and potential economic sanctions against the e-commerce giant.
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Vice Prime Minister Bae Kyung-hoon - 'Stronger Corporate Fines for Hacking Incidents—Studying 3% of Total Revenue Penalty'
South Korea will strengthen punitive fines for companies facing repeated data breaches, with proposals to impose penalties of up to 3% of total revenue and expand mandatory cybersecurity disclosures to all listed firms.
KT Expands Probe into Unauthorized Micro-Payments—Illegal Base Stations Rise to 20, Victims Now Total 368
KT Corp. expanded its probe into unauthorized micro-payments, uncovering 20 illegal base stations and 368 victims, with no new cases since September 5 after enhanced security measures.
SK Telecom Faces Record Fine—Weighs Response Amid Earnings Pressure
SK Telecom faces a record $99 million fine from South Korea’s data regulator, raising concerns over a potential Q3 net loss and prompting the company to review legal and operational responses.
South Korea's Personal Information Protection Commission has imposed a record 134.8 billion won ($99.5 million) fine on SK Telecom over a massive data breach affecting more than 23 million users, citing basic security failures and management oversight lapses.
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Personal Information Commission Imposes Record 1.35 Trillion Won Fine on SK Telecom
South Korea's Personal Information Protection Commission has imposed a record 134.8 billion won ($99.5 million) fine on SK Telecom over a massive data breach affecting more than 23 million users, citing basic security failures and management oversight lapses.
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