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South Korea: FSC and FSS publish guidance on pseudonymisation and anonymisation of financial data
The Financial Services Commission ('FSC') and the Financial Supervisory Service ('FSS') published jointly, on 6 August 2020, their guidance to the pseudonymisation and anonymisation of financial data ('the Guidance') following its consultation period. In particular, the FSC clarified that the Guidance follows and establishes the requirements of the new revisions of the Data 3 Act to the Credit Information Use and Protection Act.
You can read the statements of the FSC here and the FSS here, and download the Guidance here, all only available in Korean.
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