Search results for Information Security Industry Act
AI & Enterprise
MSIT discloses 693 firms subject to this year\'s information security disclosure requirement
South Korea\'s Ministry of Science and ICT on Thursday disclosed 693 companies subject to the 2026 information security disclosure requirement. The system is designed to encourage corporate spending on information security and strengthen user protection. Companies must submit their status to the disclosure portal by June 30, with non-compliance subject to fines of up to 10 million won. Firms may file objections by May 15, while voluntary disclosures bring fee discounts.
Finance
KB Financial to launch voluntary information security disclosure
KB Financial Group said on Monday it will introduce voluntary information security disclosures in the first half of this year to respond to changes in laws and systems and the trend toward ESG disclosures. The move also prepares for a planned revision to the enforcement decree of the Information Security Industry Act, targeted for implementation in 2027. KB Financial plans to disclose group-wide information security status and refine related governance.
AI & Enterprise
MSIT holds hearing to expand mandatory information security disclosure
South Korea\'s Ministry of Science and ICT held a public hearing on Feb. 6 on revising the enforcement decree of the Information Security Industry Act to expand mandatory information security disclosure. The ministry said it aims to collect opinions from stakeholders and the public and build social consensus. The revision would remove the 300 billion won sales threshold and extend disclosure obligations to all firms listed on the KOSPI and KOSDAQ markets.