Probe into credit card leaks set to be launched

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Probe into credit card leaks set to be launched

Both the ruling and opposition parties agreed yesterday to conduct a parliamentary investigation during the provisional session of the National Assembly in February into those credit card issuers that had their subscribers’ private information leaked.

During the session, which is scheduled for Feb. 3 to Feb. 28, lawmakers will also hold a hearing to legislate bills to prevent the illegal disclosure of personal information and its circulation and misuse.

The parliamentary probe is expected to work out with the government detailed measures to prevent damages from the leakage of personal information, as well as the compensation credit card issuers will hand out to the victims.

More than one million subscribers to KB, NH and Lotte cards had their personal information illegally collected, the nation’s financial watchdog announced two weeks ago. The information ranges from resident registration numbers and home addresses, to phone numbers and annual incomes.

The resident registration number is the predominant identity verification tool required for almost all social occasions, and the government has considered the possibility of finding an alternative system, or eradicating the system altogether.

The government is moving to minimize the occasions in which the identification number is required. Shin Je-yoon, chairman of the Financial Services Commission, said yesterday that the top financial authority is considering easing the widespread practice of demanding and collecting resident registration numbers.

“We will review whether there could be any other alternative for identifying individuals,” the chairman said.


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