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KakaoPay hit with fresh $8.9m penalty in South Korea over Alipay data transfers

By Jenny Lee ( February 9, 2026, 07:00 GMT | Insight) -- KakaoPay has been ordered to pay roughly 13 billion won ($8.9 million) in administrative penalties in a new enforcement action, adding to sanctions already imposed by South Korea’s privacy regulator, after the country’s financial watchdog concluded the company provided customers’ personal credit information to China’s Alipay without consent.KakaoPay has been ordered to pay roughly 13 billion won ($8.9 million) in administrative penalties in a new enforcement action, adding to sanctions already imposed by South Korea’s privacy regulator, after the country’s financial watchdog concluded the company provided customers’ personal credit information to China’s Alipay without consent....

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