Search results for fines
Telecommunications & Media
Up to 6 percent fines on illegal spam sales take effect Oct 1
A system to impose fines of up to 6 percent of related sales on illegal spam senders and businesses that neglect prevention obligations will take effect next month. The Broadcasting Media and Communications Commission approved a revised enforcement decree and a related notice setting detailed measures for information and communications service providers. Fines will range from 1 to 6 percent, with benchmark amounts of 100 million to 2 billion won when sales are hard to calculate.
AI & Enterprise
PIPC strengthens response to personal data leaks at public institutions
South Korea’s Personal Information Protection Commission said it did not impose penalties in a case involving 2.96 million records at the Gyeonggi Provincial Office of Education because it fell under rules in force before September 2023, when fines did not apply without resident registration number leaks. The commission said it introduced fines of up to 2 billion won for public-sector leaks after September 2023 and will raise the maximum to 5 billion won from Sept. 11, 2026.
Crypto
Tokenised securities to expand beyond fractional investment to stocks, bonds and funds
South Korea\'s financial authorities will expand tokenised securities beyond fractional investment to cover existing securities such as stocks, bonds and funds. The Financial Services Commission said a phased tokenisation will begin when the system takes effect on Feb. 4, 2027, starting with private funds for institutional investors, private bonds and unlisted shares. It also outlined investor protection measures, over-the-counter trading limits, and requirements for issuer account managers.
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Crypto
Australia steps up crypto regulation, sanctions from October for unlicensed firms
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Telecommunications & Media
Tving data breach exceeds subscriber base, raising questions over 19.53 million figure
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AI & Enterprise
GS Retail fined 12.8 billion won over personal data leak affecting 79,128 people
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Telecommunications & Media
Crime-misused phone numbers to be blocked within 24 hours in system overhaul
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Finance
SC First Bank H1 net profit doubles to 424.4 billion won
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AI & Enterprise
Anthropic clarifies after Claude watermark controversy over AI labeling
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Crypto
Delio chief gets 15 years in jail in coin withdrawal suspension case
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Mobility
Whistle adds parking enforcement alert service in Busan\'s Gangseo district
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Telecommunications & Media
U.S. Republicans target South Korea\'s \'false information law\', say it threatens free speech
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Telecommunications & Media
Tving swings to profit in Q2 on 40 percent revenue growth
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Telecommunications & Media
BMTC sets up Information Integrity Policy Division for fake content enforcement
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AI & Enterprise
Privacy breach fines of up to 10 percent of revenue put telecoms\' security investment to the test
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Telecommunications & Media
PIPC fines KT 54 billion won, files complaint over obstruction
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Telecommunications & Media
Up to 6 percent of revenue in fines for illegal spam senders and firms
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Telecommunications & Media
Complex calculus for KT hacking fine puts revenue base, severity in focus