Privacy Policy

Prabhu Co., Ltd ("www.forexkoreas.com" hereinafter "Forex Korea") establishes and discloses the following privacy policy in order to protect the personal information of government users in accordance with Article 30 of the Personal Information Protection Act and to handle such grievances promptly and smoothly.

This Privacy Policy may be changed by amendments to relevant laws or internal policies, and if such amendments are made, they will be posted on the website or in the application or posted individually.

○ This Privacy Policy will take effect on June 1, 2021.

Article 1 (Purpose of Processing Personal Information, Items collected and How to Collect)

Prabhu Co., Ltd ("www.forexkoreas.com" and "Forex Korea") processes personal information for the following purposes: The personal information processed will not be used for any purpose other than the following purposes, and if the purpose of use is changed, we will take necessary measures such as obtaining separate consent in accordance with Article 18 of the Personal Information Protection Act.

Purpose Collection Items
Sign up and Identity identification for remittance work Name, date of birth, real name number (social security number, driver's license number, passport number, etc.), nationality, address, contact information (phone number, e-mail), bank name, bank account information, real name certificate (social security card, driver's license, passport, alien registration card)
Membership and membership management Login ID, password
Overseas shipping Remittance information (purpose of remittance, source of funds, relationship with recipient) Recipient information (name, address, phone number, account number)
Information that is automatically generated during the service use process Service use history, access logs, cookies, access IP information, access country, device information

How to collect
When the user agrees to the collection of personal information and enters it directly during the membership and service use process. Collected during consultation and complaint processing.


Article 2 (Period of Processing and Retention of Personal Information)

Prabhu Co., Ltd ("www.forexkoreas.com Korea") retains the personal information collected from you until the purpose for which it was collected or provided is achieved, and the information will be destroyed after the purpose is achieved. However, the Company may use personal information for submission without destroying the information that it deems necessary to comply with the obligations of the relevant laws and regulations and to submit it at the request and order of other supervisory authorities, even if the purpose of collecting or providing the collected personal information is achieved.

The processing and retention period according to the personal information item is as follows.

Article 3 (Provision of Personal Information to Third Party)

Prabu processes personal information only within the scope specified in Article 1 (purpose of processing personal information) and will only provide personal information to third parties if it is in accordance with Articles 17 and 18 of the Personal Information Protection Act, such as the consent of the information subject and special provisions of the law.

Prabhu Co., Ltd. provides personal information to third parties as follows:

Purpose of use Recipients of the offer What is offered Retention period
Overseas money transfer service Domestic financial institutions Information about the transferee, information about the receiver Before membership is retired or until the law establishes
Overseas Money Service Overseas financial institutions Information about the transferee, information about the receiver Before membership is retired or until the law establishes
Open Banking Service Financial Payments Institute Information about the transferee Before membership is retired or until the law establishes
Foreign exchange transaction management, supervision, and anti-money laundering Bank of Korea, Financial Supervisory Service, Ministry of Strategy and Finance, Financial Information Analysis Institute Overseas remittance history Before membership is retired or until the law establishes

Article 4 (Consignment of Personal Information Processing)

① <Prabhu Co., Ltd> entrusts the processing of personal information as follows for smooth personal information processing.

Trustee Contents of duties to charge Consignment period
Financial Payments Institute Withdrawal-free service Before membership is retired or until the law establishes

② <Prabhu Co., Ltd> is responsible for the purposes of performing consignment work, technical and administrative protection measures, restrictions on re-consignment, management of trustees, supervision, damages , etc., in accordance with Article 26 of the Personal Information Protection Act, and supervises whether the trustee handles personal information safely.

③ 위탁업무의 내용이나 수탁자가 변경될 경우에는 지체없이 본 개인정보 처리방침을 통하여 공개하도록 하겠습니다.

Article 5 (Rights and Obligations of Information Owners and Legal Representatives and How to Exercise Them)

① The information subject may exercise his /her right to view, correct, delete, or stop processing personal information at any time with respect to the Company.

② The right to be issued in accordance with paragraph (1) may be made in writing, by e-mail, or through a fax, etc., in accordance with Article 41(1) of the Enforcement Decree of the Personal Information Protection Act, and the Prabu will act without delay.

③ The right to be reserved under paragraph (1) may be made through an agent such as a legal representative of the information state or a authorized party. In this case, you will need to submit a power of attorney in accordance with form 11 of the "Information Processing Information Report (No. 2020-7)" annex.

④ The request to view and process personal information may be restricted by Article 35, Paragraph 4, And Article 37, Paragraph 2 of the Personal Information Protection Act.

⑤ If the request for correction and deletion of personal information is specified in other laws and regulations as the purpose for which the personal information is collected, the deletion of personal information may not be requested.

⑥ The Company shall verify whether the person who made the request, such as a request for reading, correction or deletion, or a request for a processing delay, is the person who made the request according to the rights of the information owner or is a legitimate agent.

Article6(Destruction of Personal Information)

① The Company destroys personal information without delay if it becomes unnecessary, such as the lapse of the retention period of personal information and the achievement of the purpose of processing.

② If the personal information retention period agreed by the information recipient has elapsed or the purpose of processing has been achieved, the personal information must be retained in accordance with other laws and regulations, the personal information shall be transferred to a separate database (DB) or stored in a different storage location.

③ The procedures and methods for destroying personal information are as follows.

Article7(Measures to Ensure The Safety of Personal Information) Prabhu is taking the following measures to ensure the safety of personal information:

1. Conduct regular self-audits In the effort to ensure stability related to the handling of personal information, we conduct our own audits on a regular (once-a-quarter) period. 2. Minimization and training of personal information handling staff We have designated employees who handle personal information and implement measures to manage personal information by minimizing it by limiting it to persons in charge. 3. Establishment and implementation of internal management plan We have established and implemented an internal management plan for the safe processing of personal information. 4. Technical measures against hacking, etc. The Company installs security programs, regularly updates and checks, installs systems in areas with restricted access from outside, and monitors and blocks technically and physically in order to prevent personal information leaks and damage caused by hacking or computer viruses. 5. Encryption of personal information The user's personal information is encrypted and stored and managed, so only the user can know the important data, and the important data uses separate security features such as encrypting files and transmission data or using the file lock function. 6. Restrict access to personal information We take necessary measures to control access to personal information through granting, changing, and de-changing the right to access to the database system that processes personal information, and we use an intrusion control system to control unauthorized access from outside. 7. Use locks for document security in order to store documents containing personal information, auxiliary storage media, etc. in a secure place with locks. 8. Access control for non-es not so ever instead, we have established and operated access control procedures for physical storage places that store personal information separately.

Article8(Matters concerning the installation, operation, and refusal of automatic collection of personal information)

① Prabhu uses 'cookies' to store and retrieve information from time to time in order to provide users with personalized services.

② Cookies are small amounts of information sent to the user's computer browser by the server (http) used to operate the website and are also stored on the hard disk on the user's PC computer.
a. Purpose of use of cookies: To provide optimized information to users by identifying the type of visit and use of each service and website visited by the user, popular search terms, security access, etc.
b. Installation, operation, and rejection of cookies: You can refuse to save cookies through the tool >Internet Options> at the top of the web browser and by setting the options in the Personal Information menu.
c. If you refuse to store all cookies, you may experience difficulties in using customized services.

Article9(Personal Information Protection Officer)

The Company is responsible for the processing of personal information in charge and assigns the following person in charge of personal information protection in order to handle complaints and remedy damages of information owners related to the processing of personal information.

Privacy Officer Department in charge of personal information protection
Name : Lee Hwa-hwan
Contact: 070-4160-0337
E-mail : info@kmekorea.com
Department : IT Management Team
Contact: 070-4160-0337
E-mail : info@kmekorea.com

The information subject may contact the person in charge of personal information protection and the department in charge of all personal information protection related inquiries, complaint handling, damage remedies, etc. that occurred while using Prabhu Co., Ltd.’s services (or business). Prabhu Co., Ltd will respond to and process inquiries from the information subject without delay.

Article10(Remedies for Rights and Interests)

The information subject may apply for dispute resolution or consultation to the Personal Information Dispute Mediation Committee or the Korea Internet & Security Agency Personal Information Infringement Report Center in order to receive relief from personal information infringement. In addition, for other personal information infringement reports and consultations, please contact the following organizations.

「Personal Information Protection Act" Article 35 (reading of the personal information), Article 36 and for the request by the provision of (correction and deletion of the personal information), Article 37 (processing stop, etc. of the personal information) to the disposal or omissions performed in public institutions sheets A person whose rights or interests have been infringed due to this may file an administrative appeal as stipulated by the Administrative Appeals Act.

※ For more information on administrative appeals, please refer to the website of the Central Administrative Appeals Committee (www.simpan.go.kr).

Article1 (Change of Privacy Policy)

This Privacy Policy will take effect on June 1, 2021.