The antitrust watchdog said today it has fined retail giant Homeplus and its affiliate Homeplus Tesco for providing local insurers with the personal information of applicants for giveaway events.
The 435 million won fine was slapped on the retailers after they collected information on customers between August 2011 and June 2014, the Fair Trade Commission (FTC) said.
Homeplus, which has more than 21,000 employees, was ordered to pay 325 million won, while 110 million won in fines was levied on Homeplus Tesco.
The two companies are controlled by Tesco PLC, a Britain-based grocery and merchandise store.
The FTC said the companies either failed to notify or did not take proper measures to clearly tell customers that by applying for giveaways, the information they were providing could be passed on to insurance companies.
It said that there was no or little clear notice on ads, Internet homepage sites or receipts that taking part in gift sweepstakes events could result in personal information being shared.
Source: Busan eFM News
The Latest Haps
The government is hoping railway services will be running without any major disruption despite a unionized railroad workers’ scheduled strike next week.
The Korea Meteorological Administration(KMA) is predicting that more aftershocks with a magnitude of three to four will likely continue in Gyeongju, for as long as several months.
The Busan One Asia Festival will have five main K-pop concerts at the Busan Asiad Gymnasium throughout the first 23 days of October.
The Busan International Film Festival has released its main event schedule for this year’s 21st edition. Updates as of September 22, 2016.
Wired magazine has chosen local cartoonist Ryan Estrada’s “Big Data” as one of its top 5 podcasts of the week.
That’s not a misprint, but just the way it seems to work when you live abroad. John Bocskay explains.
Korea ranked dead last on the 2016 HSBC Expat Explorer Survey to raise a family, one of the largest global independent surveys of expat living.
Pei Wei Asian Diner is set to open a location in Busan by the end of 2017 according to a company press release.
McDonald’s Korea has introduced its newest offering, the Chicken Mac.
A new survey by MasterCard shows that Seoul is once again the 10th most popular city for travel in the world.
Busan’s neighbor to the north has a lot going for it for a fun weekend that’s not so far from home.
While many head to Thailand in search of its magnificent culture, Chiang Mai is a great place to start and one of her best offerings are her awesome temples, known as “Wats”.
A 29-year-old woman was seriously injured this month when a bungee jump operator failed to secure her rope to the safety hook.
Suyeong-gu Office runs the Stand Up Paddle Board Academy at Gwangalli Beach in September and October.