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Revised Personal Information Protection Act takes effect on Sept. 11, introduces punitive fines

South Korea\'s revised Personal Information Protection Act and an amended enforcement decree take effect from Sept. 11, following revisions made in March. The changes introduce punitive administrative fines of up to 10 percent of total revenue for repeated or intentional or grossly negligent personal data leaks, and mandatory fine reductions linked to preventive investments. They also strengthen CEO and CPO responsibilities, expand leak notification requirements and add a new notification regime for leak risks.