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Finance

Danal partners World K-Pop Center to build K-pop payment ecosystem for foreigners

Danal will expand payment infrastructure linking K-pop experiences, auditions, lodging and wider cultural activities based on its foreigners-only prepaid card K.ONDA. The company said on May 19 it signed a strategic partnership with World K-Pop Center to build an integrated payment ecosystem covering K-pop experiences, training, auditions and cultural life. Danal plans to supply K.ONDA to foreign tourists visiting the center and related lodging, overseas broadcasters and education institutions.

Telecommunications & Media

SKT speeds up follow-up steps after USIM hack, tightens personal data safeguards

SK Telecom, which faced a USIM hacking incident last year, has implemented most corrective orders from South Korea\'s Personal Information Protection Commission, the commission said on Wednesday. Of 222 corrective and improvement orders whose deadlines fell in the second half of last year, 111 cases, or 95.0 percent, were carried out. SKT completed a full inspection of personal data processing systems, improved firewall policies and strengthened encryption measures. Some actions remain incomplete.

Games & Commerce

Coupang personal data leak sanctions procedure nears end, June decision possible

South Korea’s Personal Information Protection Commission has moved its investigation into a personal data leak at Coupang into the final stage of sanctions procedures. The watchdog sent Coupang an advance notice in early April outlining alleged violations and planned measures, and is reviewing the company’s written opinion. Industry officials see a possibility the sanctions level could be finalised as early as June. A large-scale leak involving 33,673,817 records was confirmed.