NH Investment gets APEC Cross Border Privacy Rules

It’s the first S.Korean securities firm that attained the global personal info protection certification

NH Investment gets APEC Cross Border Privacy Rules
Hyun-Ju Jang 1
2024-03-29 15:44:59 blacksea@hankyung.com
Banking & Finance

South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-Border Privacy Rules (APEC CBPR).

The company said it is the first South Korean securities firm to attain APEC CBPR. 

APEC CBPR is a global certification scheme that evaluates and certifies companies' overall level of personal information protection based on the Asia-Pacific Economic Cooperation (APEC) Privacy Principles.

In South Korea, the Personal Information Protection Commission and the Korea Internet & Security Agency (KISA) officially began adopting the system in May 2022. Since then, 10 domestic companies have received this certification.

The certification assessment comprehensively evaluates compliance with 50 certification criteria across six areas, including the establishment of a personal information management system; collection of personal information; use, outsourcing, and provision of personal information; rights of data owners; integrity; and protective measures, based on APEC's nine privacy principles.

Write to Hyun-Ju Jang at blacksea@hankyung.com
#NH Investment & Securities #APEC CBPR #personal information protection #Asia-Pacific Economic Cooperation

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