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TITLE Supreme Court Decision 2013Da86489 Decided January 29, 2014¡¼Damages¡½ [full Text]
Summary
[1] The standard for determining ¡°user¡¯s intention or gross negligence¡± provided by Article 9(2) of the Electronic Financial Transaction Act
[2] Where Party A was using online banking services while making financial transactions at financial companies such as Company A; when Party B obtained Party A¡¯s financial transaction information through a telephone scam; used the information to re-issue Party A¡¯s digital validation certificate; and then used the certificate to loan money from other financial institutions, the case upholding the judgment below that Party A¡¯s aforementioned information disclosure constituted a case where a user¡¯s gross negligence caused a financial accident
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