South Korea’s Supreme Court affirmed a lower court’s verdict to fine Kookmin Card, Lotte Card, and NongHyup Card between 10 million and 15 million won each for mishandling customer data.
The companies were found violating the Personal Information Protection Act by allowing subcontractors free access to customers’ information from 2012 to 2013.
NongHyup Card and Kookmin Card were each responsible for over 40 million customer data breaches in 2012, while Lotte Card had nearly 20 million data leaked in 2013.
The leaked data includes customers’ names, credit card numbers, phone numbers, and identification numbers.
Subcontractors, who illegally accessed the companies’ systems, sold the stolen data to loan brokers.
At the first trial in 2016, the Seoul Central District Court imposed the highest penalty on the companies.
The credit card companies' appeal was dismissed by the appellate court in March this year.
A fine of 10 million won is imposed on companies that mismanage personal data. The fine can go up to 15 million won if the breach is repeated.


Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy
Ford to Move Some Lincoln Production From China to U.S. in 2030
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion
Tesla Roadster Reveal Could Feature SpaceX Thrusters in August
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories
ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 



