Shinhan Card Faces Regulatory Review Over Internal Data Sharing Incident

 

Shinhan Card, one of South Korea’s largest credit card companies, has disclosed a data leak involving the personal information of approximately 192,000 merchants. The company confirmed the incident on Tuesday and said it has notified the Personal Information Protection Commission, the country’s data protection regulator.

The affected individuals are self-employed merchants who operate franchised businesses and had provided personal information during standard onboarding and contract procedures. According to Shinhan Card, the exposed data was limited in nature and did not include sensitive financial or identification details.

The company stated that information such as credit card numbers, bank account data, citizen registration numbers, and credit records were not compromised. Based on its current review, Shinhan Card said there is no evidence that the leaked information has been misused.

Incident Linked to Internal Handling, Not External Attack

Shinhan Card clarified that the incident did not involve hacking or unauthorized system access from outside the organization. Instead, the company believes the leak resulted from improper internal data handling.

Preliminary findings indicate that an employee at one of the company’s sales branches shared merchant information with a card recruiter for sales-related purposes. The data transfer reportedly violated internal policies governing the

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