Crypto exchange Coinone fined, hit with business suspension over customer verification, unregistered partner issues

Crypto exchange Coinone was fined 5.2 billion won ($3.49 million) and faces a three-month partial business suspension over lapses in customer verification obligations and transactions with unregistered partners.

2026-04-13

Christie's slapped with 280 million won penalty, 7.2 million won fine for data breach

Christie's auction house was issued penalties by Korean authorities on Thursday for a data breach that exposed the personal information of hundreds of local clients.

2026-04-10

Lotte Card given notice of $3M penalty, business suspension over massive data breach

Lotte Card has been notified by the financial watchdog that it is liable for around 5 billion won in financial penalties and a business suspension of over four months over a massive data leak, informed sources said Thursday.

2026-04-09

Korea's data protection watchdog fines auction house Christie's 287 million won over data leak

The data protection regulator said Thursday it has fined British auction house Christie's 287 million won ($193,600) over a data leak involving Korean nationals.

2026-04-09

Fines on illegal spam senders increased up to 6 percent of sales, also includes carriers

The Cabinet on Tuesday approved a revised communication law to impose fines of up to 6 percent of relevant sales on illegal spam senders, as well as on mobile carriers that fail to properly prevent them, the media watchdog said.

2026-03-24

Lotte Card fined 9.6 billion won for leaking users' social registration numbers

Lotte Card was fined 9.6 billion won ($6.5 million) by the Personal Information Protection Commission (PIPC) after 450,000 users' social registration numbers were leaked.

2026-03-12

Antitrust regulator fines pork processors $2M for price-fixing

The antitrust regulator said Thursday it has imposed a combined fine of 3.15 billion won on nine pork processors for price-fixing through collusion on bid and quotation prices while supplying pork products to E-Mart.

2026-03-12

Mercedes-Benz hit with $7.65M fine for allegedly burying battery maker

Mercedes-Benz has been fined 11.24 billion won ($7.65 million) for allegedly misleading consumers by concealing the manufacturer of batteries used in its EVs and suggesting they were made by China’s CATL, the world’s largest battery maker.

2026-03-10

Fine dust levels to worsen for most of the country on Monday

Although daytime temperatures will remain mild, the level of fine dust is forecast to worsen across much of the country on Monday.

2026-03-08

Court orders middle school bully's parents to pay $15,500 in damages to victimized student, mother

A court ordered the parents of a middle school student who bullied a classmate and assaulted the classmate’s mother to pay around 23 million won ($15,500) in damages, according to the legal community on Sunday.