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South Korea fines Meta $15.67m for sensitive data use

South Korea’s Personal Information Protection Commission has imposed a fine of 21.62 billion won (approximately US$15.67 million) on Meta Platforms, the parent company of Facebook.

The commission charged Meta with collecting and sharing sensitive user data without proper legal consent.

The infringing data included users’ religion, political views, and sexuality, which was used by around 4,000 advertisers.

The commission found that Meta analyzed user behavior on Facebook, including their interactions with pages and ads, and noted that Meta did not allow user requests for personal data access.

Recent Meta developments

Timeline
31-Oct-2024 📉 Meta’s Q3 exceeds forecasts while investing in AI
  • Meta’s Q3 EPS was $6.03, above forecasts.
  • Users rose 5%, but missed expectations of 3.31B.
31-Oct-2024 📉 Meta’s AI cost spike impacts Asian chip markets
  • Asian markets drop; chip sector hit hard
  • Yen near three-month low amid Japan’s political issues
30-Oct-2024 📱 Meta finds MY’s social media licensing plan lacks clarity
  • Meta concerned about Malaysia’s social media license
  • Regulation targets platforms with over 8 million users
29-Oct-2024 📰 Meta launches AI search to rival Google
  • Meta developing AI search engine for news
  • Improved location data to rival Google Maps
28-Oct-2024 📰 Meta teams with Reuters for AI-driven news delivery
  • Meta partners with Reuters for real-time news
  • Meta AI gains access to Reuters content for updates

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