Aug 152016
 August 15, 2016  Breaches, Business, Laws, Non-U.S.

An editorial in The Korea Herald begins:

The Korea Communications Commission has imposed 180 million won ($163,000) in fines on Lotte Homeshopping for selling the personal information of its customers to other companies.

But the fines were too small compared to the revenue Lotte earned through the sale of customer data. The home shopping channel earned 3.7 billion won between 2009 and 2014 by selling 3.24 million pieces of customer data to insurance companies.

The fines were small because they were levied for a fraction of the personal information Lotte sold — the data of 29,000 customers that it sold without their consent.

Read more on The Korea Herald.

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