Search results for Credit Information Act
Crypto
FSS orders corrections to Dunamu-Naver Financial stock swap disclosure
South Korea\'s Financial Supervisory Service ordered Dunamu to correct its disclosure on a comprehensive stock swap and transfer with Naver Financial after finding important omissions or false statements. The watchdog said the filing omitted key matters tied to future restructuring plans and investment decisions. Dunamu has delayed the stock swap schedule and the shareholders\' meeting, citing possible delays in government approval procedures and the legislative situation for the Digital Asset Basic Act.
AI & Enterprise
PIPC to launch preemptive checks on personal data protection in finance sector
South Korea\'s Personal Information Protection Commission said on March 31 it will conduct preemptive inspections into how financial companies collect, use and otherwise handle resident registration numbers. The inspections follow sanctions over card companies\' violations of obligations for processing such numbers. Starting in April, the commission will check banks, insurers, card companies, securities firms and savings banks that are allowed to process the data under financial laws.
AI & Enterprise
PIPC fines Lotte Card 96.2 billion won
South Korea\'s Personal Information Protection Commission said it fined Lotte Card 96.2 billion won and 4.8 million won and ordered corrective measures and public disclosure after finding violations of privacy laws. The commission began investigating after the Financial Supervisory Service notified it of a personal credit information leak report. It said about 2.97 million users\' personal credit information and 450,000 resident registration numbers were leaked from log files after a hack.
