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Credit card details on 20 million South Koreans stolen

39 pointsby owlmusicover 11 years ago

3 comments

tincoover 11 years ago
This story is worth being on the frontpage just for that picture. I know it&#x27;s a common tradition in east asian countries for people in power to be overtly responsible for the failure of operations under their command, but just imagine if this was a western country.<p>We have such a terrible culture of not owning up to problems that were within our reach to prevent. A western leader of a company would never be that publicly humble about a mistake of an employee, most don&#x27;t even appear in the news with a picture, if they do it&#x27;s a paparazzi shot taken without their knowledge or permission.<p>It all reinforces the image that our financial institutions are run by crooks.
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NnamdiJrover 11 years ago
As a reference for anyone reading, South Korea has a population of a bit less than 50 million. 20 million credit card details stolen means that just under half of the country&#x27;s population was affected..<p>There is something to be said about the drawbacks of living in such a small but highly networked society (esp. in S. Korea where the entire country has a particular &#x27;small town&#x27; feel) but I do not have the energy to organize and put my thoughts to keyboard at the moment.
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sbarreover 11 years ago
Do other countries have the same kind of consumer protection that the western world has in these cases?<p>Or are these regulations country-by-country?
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