Executive Summary

South Korea's privacy regulator will impose fines equal to 10% of a company's revenue for data breaches affecting 10 million or more individuals, aiming to incentivize preventive data protection measures. The new rule, effective Friday, targets intentional or grossly negligent leaks of personal data.

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Intelligence Metadata - Source Publisher: DataBreaches.net - Published Date: 2026-09-10T13:36:02+00:00 - Category: data-breaches

Original Description: Korea JoongAng Daily reports: Korea’s privacy regulator is sharply raising the cost of data breaches, aiming to push companies to treat data protection as a preventive investment rather than a routine cost of doing business. Starting Friday, companies found to have leaked the personal data of 10 million or more people through intent or gross negligence... Source

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