South Korea Credit Information Act
Leaks and liability – South Korea Credit Information Act

South Korea Credit Information Act 39-4: Notification and reporting of leaks

What does 39-4 require?

When a company learns that personal credit information has been leaked outside business purposes, it notifies the subjects without delay with the PIPA Article 34(1) items, takes measures to minimise damage, and above the Decree scale reports the notification and measures without delay to the FSC or designated body (or to PIPC for commercial enterprises), which may investigate and require corrections.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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