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(Photo = Kakao pay) |
[Alpha Biz= Reporter Kim Jisun] On August 14, the Financial Supervisory Commission (FSC) refuted Kakao Pay's claim that transferring over 40 million pieces of personal credit information to Alipay was based on a credit information processing outsourcing agreement. The FSC stated that the contract between Kakao Pay and Alipay did not include any terms for outsourcing credit information processing.
The FSC reviewed all contracts between Kakao Pay and Alipay, including two for overseas payment services, four outbound contracts, one inbound contract, and two miscellaneous agreements, totaling nine contracts. None of these contracts mentioned outsourcing credit scoring or related tasks.
Kakao Pay had previously asserted that the transfer of personal credit information was justified under the outsourcing agreement between Kakao Pay, Alipay, and Apple, thus not requiring customer consent. The FSC disagreed, stating that the case did not meet the criteria for credit information processing outsourcing as defined by Supreme Court precedents.
The FSC also highlighted that the customer data transferred to Alipay exceeded necessary information, noting that only order and payment information should have been shared for settlement purposes. The commission criticized Kakao Pay for allegedly violating related laws by providing excessive information.
Additionally, the FSC emphasized that the data transferred to Alipay was not sufficiently encrypted, allowing potential decryption and inference of the original data, contrary to Kakao Pay's claims of thorough encryption.
Kakao Pay has stated that it will review the FSC's findings and provide a response after receiving the official inspection report.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
