[Breaking] President Lee: "Strengthen Economic Sanctions for Personal Data Leaks... Companies Should Fear Bankruptcy"

President Lee Jaemyung stated at the Presidential Office work report of the Personal Information Protection Commission, held at the Government Sejong Convention Center on the 12th, "In our country, economic sanctions are too weak, so violations of the Personal Information Protection Act are taken too lightly." He added, "From now on, if companies cause harm to the public, they should face such severe economic sanctions that they realize their company could go bankrupt if they make a mistake."