Key points:
According to the PIPC, Worldcoin, and its operating company Tools For Humanity, were each fined $830,000 for improper treatment of user biometric data. Issues included disclosure of consent and overseas data transfer violations.
South Korean regulators said that the companies did not inform the users about the method and process of collecting and transferring the data. Still, they allowed future operations after the issues were rectified.
Read more: Worldcoin Account Sales Under Investigation In Singapore Over Security Risk
As a result, the Personal Information Protection Commission of South Korea imposed a fine on the development team for breaking data protection rules. The breaches include transferring sensitive iris data without proper consent from users and failing to verify the age requirement.
The company said it welcomes the decision, and it believes that the project complies with local laws because necessary changes have been made.
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