PERSONAL INFORMATION PROTECTION COMMISSION

Fintech / Regtech

Korean Insurance Agencies Suffer Data Breach, FSS Finds

By Nithya Subramanian | 22/05/2025

Two GAs experienced major data leaks. The breach was detected when hackers attempted to sell stolen information on the dark web.

Enforcement

Kakao Pay Facing Hefty Fine for Unauthorised Data Transfers

By Thisanka Siripala | 13/04/2025

Between April 2018 and May 2023, Kakao Pay transferred data to China’s Alipay belonging to approximately 40.45 million individuals

Fintech / Regtech

Korea Suspends DeepSeek AI Over Data Privacy Concerns

By Thisanka Siripala | 19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

Enforcement

South Korea PIPC Fines Worldcoin for Privacy Law Violations

By Thisanka Siripala | 27/09/2024

The PIPC said Worldcoin did not adequately inform users about how their biometric data would be used or allow for users to request deletion of their data.

AML / KYC

Korea to Develop AI Service to Counter Voice Phishing Scams

By Manesh Samtani | 04/06/2024

Authorities have agreed to share de-identified call data with private companies for use in developing AI services to prevent voice phishing scams.

Fintech / Regtech

South Korea Approves Amendments to Data Privacy Law

By Editors | 08/03/2023

The amendment introduces new rights for data subjects, such as the right to data portability, and the right to object to automated decision-making.

Market Infrastructure

New Data Protection Requirements Enter into Force in Japan

By Manesh Samtani | 03/04/2022

Japan’s revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.

Market Infrastructure

Japan to Require Disclosure of User Data Held Overseas

By Manesh Samtani | 29/05/2021

Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.

Fintech / Regtech

Line Pay to Bring Data Stored Overseas Back to Japan

By Sanday Chongo Kabange | 25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.