PM calls for punitive fines of up to 10% of sales amid string of data breaches

Prime Minister Kim Min-seok on Wednesday called for the introduction of punitive fines for repeated and serious personal data breaches, as public concern mounts following a series of high-profile information leaks involving major firms. Speaking at the opening of a National Policy Coordination Meeting held at the Government Complex Sejong, Kim said the government would push for swift legislative action to impose stronger sanctions on companies that fail to adequately protect customer data. “The