Limits to be placed on collection of personal information from AprilUpdated: 2014-02-19 11:59:25 (KST)
Rules for financial companies concerning the collection of personal information will become stricter beginning in April in the wake on last month's massive data leak.
Financial authorities said on Wednesday, the Financial Supervisory Service and the Financial Services Commission will announce comprehensive measures on February 28th.
The reforms will focus on what financial firms can and cannot ask new clients when they fill out application forms.
The companies will be limited from asking for resident registration numbers online and offline, and will have to enlarge the font size on the sheets, to make them clearer to customers.
New clients will also have to sign or grant approval to the financial firm when divulging their personal information.
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