KR: Executives at 3 credit card firms face heavy penalty for data theft

Chung Ah-young reports:

About 80 officials, including former CEOs and executives, from three credit card firms face heavy penalties for the theft of customers’ personal information, the financial regulator said Wednesday.

Former CEOs of the firms face heavy penalties equivalent to recommendations of dismissal, which means they will be banned from working for other financial firms for up to five years.

The Financial Supervisory Service (FSS) will decide the level of punishment on the credit card firms themselves ― Kookmin, NongHyup and Lotte ― on July 17 at a disciplinary committee review meeting.

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