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South Korea raises data breach penalties to 10% of company revenue

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South Korea has significantly increased its financial penalties for data breaches, raising the maximum fine to 10% of a company's revenue. The move represents a major tightening of the country's data protection enforcement framework. The change is intended to hold companies more accountable for safeguarding personal data. Higher revenue-based fines are designed to ensure penalties are proportionate to a company's size and financial capacity.

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