Femtocell Hacking Scandal, KT Fined 54 Billion Won
KT has been fined approximately 54 billion won by the Personal Information Protection Commission following a massive personal data breach and unauthorized micro-payment damages caused by illegal femtocells (small cell base stations). The Personal Information Protection Commission decided to refer KT for investigation obstruction after confirming that the company deleted logs following the incident and made false statements during the investigation process.
2026.07.30
Middle East Risk Resurfaces, Cooling Corporate Sentiment...August BSI Retreats to 89.9
Companies' perceived economic conditions have cooled again due to rising tensions in the Middle East region. The index has fallen to the 80s, below the baseline, for the first time in three months since May, deepening concerns in the business sector.
2026.07.28
Nvidia Becomes Naver's Third-Largest Shareholder...Naver Stock Surges 10%
Nvidia invested $1 billion (approximately 1.466 trillion won) to acquire a 4.5% stake in Naver, becoming its third-largest shareholder. The two companies have decided to actively pursue an AI Factory (data center) construction project worth up to $10 billion, causing Naver's stock to surge more than 10% during intraday trading.
2026.07.27
Personal Information Protection Commission Imposes 10.558 Billion Won Fine on TikTok and Apple
The Personal Information Protection Commission has imposed sanctions totaling approximately 10.5 billion won on TikTok and Apple for collecting users' personal information without lawful grounds and transferring it overseas. The commission has also decided on corrective orders and publication orders, announcing its policy to strengthen protection of domestic users' right to self-determination regarding personal information.
2026.07.23