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TITLE Supreme Court Decision 2013Da86489 Decided January 29, 2014【Damages】 [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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