S.Korea fines AliExpress $1.4 mn for alleged privacy breach

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South Korea’s privacy authority punished AliExpress including a fine of $1.4 million for allegedly not providing measures to protect consumer information as local online shopping platforms suffered the rapid expansion of the Chinese e-commerce giant.

AliExpress was the first company punished for the violation of the overseas personal data transfer procedures requested by the law, according to the authority.“The decision made it clear that foreign e-commerce operators, which provide services to local customers, are subject to the national protection law and need to protect and manage personal information as required as to local companies,” said the PIPC in a statement.

The commission has been probing AliExpress and another Chinese e-commerce platform Temu, since South Korean lawmakers raised concerns over privacy breaches in October 2023, given the rapid expansion of foreign online open market service providers in the peninsular.

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Article Details

Category: Economy

Markets: South KoreaChina

Topics: Korea Temu Measures Pipc Information Aliexpress Chinese E-commerce South Local Protection

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 17:59:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 21770616

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