This is certainly a toughening of Korea’s framework data protection law. Not only will fines have more bite, but it will be far easier to show a company to be in violation of the act. The amendment even goes so far as to eliminate a provision requiring evidence of deliberate negligence to enforce a revenue-based fine. Businesses will be held liable for a data breach with or without proven fault on their part.
For more information, check out the complete Bloomberg BNA article.
___
Sean Hayes may be contacted at: SeanHayes@ipglegal.com.
Sean Hayes is co-chair of the Korea Practice Team at IPG Legal. He is the first non-Korean attorney to have worked for the Korean court system (Constitutional Court of Korea) and one of the first non-Koreans to be a regular member of a Korean law faculty. He has, recently, been ranked as one of only two non-Korean attorneys as a Top Attorney working in Korea by AsiaLaw.
Similar Posts:
- Korea Strengthens Data Protection Law
- Korea’s Data Privacy and Data Protection Law
- Korea’s Data Privacy and Data Protection Law
- Korea Increases Penalties For Data Breach and Unauthorized Transfer of Data: Korea Communications Commission
- Korea prepares itself for Big Data-driven 4th Industrial Revolution: Korean Data Protection Laws Revised
- Korean Data Privacy Act: Need for Compliance Audit for your Korean Company
- Data Protection in Korea is set to take on new importance in 2021
- Korean FTC Criminal Referral Guidelines: Monopoly & Franchise Korean Law Updates
- Whistleblower Protections in Korea Expanded through revised Whistleblower Protection Act
- Korean Business/Service Marks Protection under the Unfair Competition Prevention and Trade Secret Protection Act
You must log in to post a comment.