"SK Telecom Co., South Korea's top mobile carrier, refused to accept a settlement proposal by a government-affiliated consumer agency to pay 100,000 won (US$69.40) per person in compensation to dozens of users over a personal data breach, industry sources said Friday. The company submitted its decision in writing to the Consumer Dispute Settlement Commission earlier Friday, according to people familiar with the matter, rejecting the commission's settlement proposal that called for SK Telecom to pay compensation to 58 petitioners."
"The SK Telecom breach, which has already generated significant coverage on this site and other outlets, continues to make headlines. This time, it is because after announcing they were accepting full responsibility for the breach, they sued to overturn a $91 million monetary penalty imposed by regulators, and have now rejected a settlement proposal that would pay each person $69.40, claiming that might cost them a total of 2.3 trillion won (approximately $1.6 billion USD)."
"SK Telecom's rejection renders the proposal "concluded without a settlement," leaving the petitioners to file separate civil suits in court to pursue the matter."
A personal data breach at SK Telecom prompted the company to initially accept responsibility but to later pursue legal challenges. The company sued to overturn a $91 million monetary penalty imposed by regulators and then rejected a government-affiliated consumer agency's settlement proposal to pay 100,000 won (about US$69.40) per person to 58 petitioners. SK Telecom argued that broader payouts could cost up to 2.3 trillion won (approximately US$1.6 billion). The rejection left the settlement "concluded without a settlement," requiring affected petitioners to file separate civil suits to continue pursuing compensation.
Read at DataBreaches.Net
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