Korea's privacy crackdown after telecom and card breaches (2011-2014)
A string of breaches at SK Communications, KT, and card issuers exposed tens of millions of records. The public outcry pushed Korea to strengthen its privacy law and eventually set the 3% fine cap.
Regulators levied fines and ordered security overhauls at affected firms.
Korea repeatedly tightened PIPA after mass breaches, with enforcement following each legislative wave.
Korea has a pattern of legislating after major leaks. The open question now is whether the new 10% ceiling deters repeat breaches or just raises the cost of getting caught.
