According to BlockBeats, on September 26, The Block reported that the Personal Information Protection Commission of South Korea (PIPC) imposed a fine of 1.1 billion won (830,000 US dollars) on Worldcoin and its development company Tools For Humanity for alleged violations in the collection and transmission of personal information.

According to PIPC, the Worldcoin Foundation did not properly notify the purpose of collecting iris data and the retention period. PIPC said the project did not provide a Korean translation of its biometric data consent form before March 22.

The Worldcoin Foundation was fined 725 million won ($545,000) for violations in handling sensitive information and transferring data overseas. Meanwhile, the regulator said TFH was fined 379 million won ($285,133) for breaches of duty in overseas data transfers.

The regulator also said that the Worldcoin Foundation and TFH failed to disclose the countries to which personal information was transferred and the names and contact information of the persons to whom the personal information was transferred, as required by local law.

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