Korea raises data breach fines to 10% of revenue

Personal Information Protection Commission Chairperson Song Kyung-hee speaks during a plenary session of the watchdog at the government complex in Jongno District, central Seoul, on Sept. 9.YONHAP Korea's privacy regulator is sharply raising the cost of data breaches, aiming to push companies to treat data protection as a preventive investment rather than a routine cost of doing business. Starting...