Thursday, May 15, 2008

[The Chosun Ilbo, April 22 2008] Web Firms to Face Heavy Penalties for Info Leaks

Under a proposed law revision, chief executives of Korean Internet companies like Auction would face heavy penalties for large-scale leaks of users' personal information due to lax security. The penalties would include up two years in prison and large fines based on company sales. The revision would also ban Internet companies from keeping users' residence registration numbers.

The Korea Communications Committee is pushing for the revision of the Information and Communications Network Act with a view to imposing heavier penalties on those responsible for information leaks, it was learned on Monday.

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