Entity type: Yuhan Hoesa (YH) or Jusik Hoesa (JH)
Personal Information Protection Act is actively enforced. Requires: separate privacy consent, data processing records, DPO appointment for large processors, KR-language privacy policy, and breach notification within 72 hours. Get certified early.
Korea Internet & Security Agency (KISA) assessments may be required for information and communication services. Relevant for cloud service providers.
KR financial data and certain personal data types require domestic storage. Financial sector (FSS/FSC) has strong data localisation expectations.
Financial Supervisory Service and Financial Services Commission regulate all financial activities. Fintech licensing is a complex, multi-year process.
South Korea's primary data privacy law — comprehensively covers collection, processing, and transfer of personal data.
Governs online privacy and information security for IT service providers.
Governs digital payments and electronic financial services.
PIPA compliance is the first gate before any KR enterprise conversation. Invest in a KR-language privacy policy, documented consent flows, and breach notification procedures. Engage a Seoul-based data privacy lawyer. The PIPA certification signals seriousness to enterprise buyers.
PIPA compliance on data processing and protection duties.
Needs human review