Businesses in South Korea face tougher privacy penalties under revised law
By Wooyoung Lee ( September 10, 2026, 08:01 GMT | Insight) -- Companies in South Korea face privacy penalties of up to 10 percent of total revenue, new requirements to obtain board approval for the appointment and dismissal of chief privacy officers and obligations to notify individuals of potential data breaches within 72 hours under a revised privacy law taking effect Friday.Companies in South Korea face privacy penalties of up to 10 percent of total revenue, new requirements to obtain board approval for the appointment and dismissal of chief privacy officers and obligations to notify individuals of potential data breaches within 72 hours under a revised privacy law taking effect Friday....
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