[Consultation] Legal Review Regarding Issues of Deletion of Personal Information of Long-term Non-users

Law firm Veat provided legal advice regarding the process of deleting and separately storing personal information of long-term non-users, in accordance with the “Act on Promotion of Information and Communication Network Utilization and Protection of Information” (hereinafter referred to as the “Information and Communication Network Act”), undertaken by Company A, the largest securities information provider in Korea, and Company B, which provides social trading app services.

Just as important as the lawful collection and use of personal information is the proper disposal of such information. Analyzing numerous personal information leakage incidents, including the case involving the three major card companies, reveals that a significant amount of personal information that could have been prevented from being leaked if it had been disposed of beforehand. The disposal of personal information (1) fundamentally prevents the misuse and leakage of personal information, and (2) significantly reduces the company's personal information protection-related risks. However, disposing of personal information is not easy.

(1) What, when, and how to dispose of, or whether to store separately, (2) what method is lawful when disposing of or storing separately, (3) how to persuade the relevant departments that utilize personal information – numerous issues are involved. And these issues are all intertwined with legal issues. Law firm Veat’s Personal Information Protection Team is providing professional and prompt advice and countermeasures for the above issues.

Thank you.

Law firm Veat