**South Korea Proposes Hefty Fines for Major Data Breaches**
South Korea is considering imposing fines of up to 10% of annual revenue on companies that suffer significant data breaches, as part of stricter cybersecurity regulations. The proposed measures aim to hold organizations accountable for failing to protect sensitive information, reflecting growing concerns over escalating cyber threats.
The move follows a series of high-profile breaches in recent years, including attacks on government agencies and private firms. If enacted, the penalties would apply to businesses handling large volumes of personal or financial data, aligning with global trends toward stronger data protection enforcement.
The proposal is currently under review, with potential implementation expected in the coming months. The stricter penalties underscore South Korea’s push to enhance cybersecurity resilience amid rising digital risks.
Source: https://www.ajupress.com/view/20251214094744265
TPRM report: https://www.rankiteo.com/company/mss1357
"id": "mss1765684942",
"linkid": "mss1357",
"type": "Breach",
"date": "12/2025",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'description': 'South Korea is considering imposing fines of up to 10 percent '
'of revenue for major data breaches.',
'impact': {'legal_liabilities': 'Fines up to 10% of revenue'},
'references': [{'source': 'Provided Description'}],
'regulatory_compliance': {'fines_imposed': 'Up to 10% of revenue'},
'title': 'South Korea Proposes Fines for Major Data Breaches',
'type': 'Regulatory Update'}