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Search results for Personal Information Protection Act

AI & Enterprise

PIPC fines Bithumb 210 million won for violating overseas transfer of personal data

South Korea\'s Personal Information Protection Commission on June 24 imposed a 210 million won fine on Bithumb for violating rules on overseas transfers of personal data and approved an order to take corrective steps to meet legal requirements. The commission launched an investigation after questions were raised during a 2025 parliamentary audit about the legality of personal data transfers linked to sharing an order book. It also established privacy guidelines for blockchain services.

AI & Enterprise

Why South Korea\'s privacy watchdog hit Coupang with a record fine

South Korea\'s Personal Information Protection Commission imposed a 624.7 billion won penalty and a 16.8 million won fine on Coupang over a large-scale personal data leak last November and the collection of personal information without legal grounds. The watchdog said the fine equals 2 percent of sales used in its calculation. It cited failures in managing certificate signing keys and inadequate intrusion detection, and said it will pursue a separate criminal complaint process.

Crypto

DAXA flags 12 illegal digital asset operators, requests police investigation

The Digital Asset Exchange Alliance (DAXA) said it identified 12 illegal digital asset operators and asked police to investigate. DAXA said some operators charged fees as much as 62 times higher than domestic exchanges and demanded personal data such as ID cards and bankbook copies without legal grounds. The three-month probe, conducted with reported virtual asset service providers, targeted businesses that failed to report to the Financial Intelligence Unit under the Specific Financial Information Act.