Republic of Korea: Implemented Bill amending Personal Information Protection Act including domestic representative designation requirement

On 15 March 2024, Law No. 19234, amending the Personal Information Protection Act (PIPA), including the obligation for overseas businesses to designate a domestic representative, entered into force. The overseas businesses are subject to this requirement if they have total sales for the preceding year of over KRW 1 trillion, stored or processed personal data of Korean data subjects averaging over 1 million people during the last three months or have been required by the Personal Information Protection Commission.