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SOUTH KOREAN ID SYSTEM TO BE REBUILT FROM SCRATCH
Park Geun-hye
Image captionSouth Korean president Park Geun-hye was herself a victim of data theft
South Korean id system may need a complete overhaul following huge data thefts dating back to 2004.

The government is considering issuing new South Korean ID numbers to every citizen aged over 17, costing billions of dollars.

The South Korean ID numbers and personal details of an estimated 80% of the country’s 50 million people have been stolen from banks and other targets, say experts.

Rebuilding the system could take up to a decade, said one.

Some 20 million people, including the president Park Geun-hye, have been victims of a data theft from three credit card companies.

“The problems have grown to a point where finding a way to completely solve them looks unlikely,” technology researcher Kilnam Chon told Associated Press.