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Industry

Lotte Holdings receives apology letter from Lotte Card after sales sanctions

Lotte Holdings said it received an official apology letter from Lotte Card after financial authorities imposed sanctions on the card issuer. The Financial Services Commission confirmed on July 31 a 1.5-month partial suspension of some of Lotte Card\'s business operations. In the letter, Lotte Card apologised for inconvenience to customers of Lotte Holdings and its affiliates and said it would focus on customer support during the suspension period.

AI & Enterprise

PIPC boosts sanction effectiveness, gains momentum in shift to prevention-focused system

South Korea\'s Personal Information Protection Commission said it shared key first-half results and plans, highlighting stronger economic penalties tied to major personal data leaks. It said total fines rose to 608.4 billion won in the first half of 2026 from 167.8 billion won in 2025 and 61.2 billion won in 2024, naming firms and institutions that received major sanctions. The commission also outlined new punitive fine rules and expanded preventive inspections and mydata download rights.

AI & Enterprise

Tving hack also leaks \'digital resident number\', raising fears of secondary harm

A data breach at South Korean streaming platform Tving has expanded fears of secondary harm after linked information (CI) was included among leaked items. An unidentified hacker allegedly gained unauthorised access to Tving’s user database and sent customer data outside the company. Authorities including the Ministry of Science and ICT, KISA and the Personal Information Protection Commission have launched investigations, while experts warn CI can enable identity theft when combined with other personal details.