South Korea Fines Worldcoin Foundation And Tools For Humanity For Data Protection Violations

According to PANews, the South Korean Personal Information Protection Commission (PIPC) has imposed fines on the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation was fined 725 million KRW (approximately 546,000 USD) for improperly handling sensitive information and transferring it abroad. Tools for Humanity (TFH) received a fine of 379 million KRW (approximately 285,000 USD) for breaching local regulations on the transmission of personal data overseas. The investigation began in February following complaints and reports that Worldcoin collected biometric data without permission to provide cryptocurrency services.