Summons of Complainant on the 9th
Suspicion of Providing 54.7 Billion Data Records
The police have launched an investigation into allegations that Kakao Pay transferred credit information to China's Alipay without customer consent.
On the 4th, the Suseo Police Station in Seoul announced that it has begun investigating current and former Kakao Pay CEOs on charges of violating the Credit Information Use and Protection Act.
Earlier, on the 13th of last month, the Financial Supervisory Service revealed that it was investigating allegations that Kakao Pay provided 54.7 billion pieces of customer information of 40.45 million customers without consent to Alipay, a financial payment company under Alibaba in China, over a period of more than six years since April 2018.
In response, the civic group Jayudaehan Hogukdan filed a complaint with the Seoul Central District Prosecutors' Office against current CEO Shin Won-geun and former CEO Ryu Young-jin of Kakao Pay for violating the Credit Information Act. The prosecution transferred the case to the police on the 24th of last month.
The police plan to summon the head of the civic group who filed the complaint as a complainant on the 9th to investigate the allegations.
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