Cho Jwa-jin, CEO of Lotte Card, where a large-scale hacking incident occurred, said on the 13th that he will resign on the 1st of next month. Cho's term was until March next year.
Cho posted a message on the company intranet that day titled "I will take final responsibility as CEO," saying he will notify the extraordinary board meeting on the 21st of this month of his resignation as CEO.
On the 31st of last month, Lotte Card carried out a personnel shake-up, with five senior executives resigning, including four Deputy Ministers. It was also reported that on the same day, Kim Kwang-il, vice chairman of MBK Partners, who was a non-executive director at Lotte Card, would resign at the board meeting. MBK Partners is the major shareholder of Lotte Card.
The Lotte Card hacking incident leaked information on 2.97 million members. Of these, 280,000 had their card numbers, two digits of their passwords, and card verification code leaked.