On 7 May 2024, the public consultation closed on the Financial Services Commission (FSC) Rules on Virtual Asset Market Inspection. The rules aim to establish an investigation process outlining all stages, including detecting suspicious transactions,…
On 3 May 2024, the OECD Ministerial Council Meeting updated the OECD Principles on Artificial Intelligence (AI) to adapt to the rapid advancements in AI technologies, particularly the emergence of general-purpose and generative AI. The Principles ai…
On 3 May 2024, Ministers of Singapore, New Zealand, Chile, and South Korea issued a joint statement declaring the successful accession of the Republic of Korea to the Digital Economy Partnership Agreement (DEPA). The DEPA establishes common norms fo…
On 2 May 2024, the South Korean Personal Information Protection Committee (PIPC) announced that it was in the process of drawing up the Guidelines for Using Public Personal Information in AI Development and Services. The Guidelines aim to establish …
On 30 April 2024, the Global Cross-Border Privacy Rules (GCBPR) Forum published a document outlining the GCBPR and Global Privacy Recognition for Processors (GPRP) Systems, their core elements, governance structure and the roles and responsibilities…
On 30 April 2024, the Global Cross-Border Privacy Rules (GCBPR) Forum published a document that specifies the certification requirements, which GCBPR-recognised accountability agents will use to assess companies seeking certification for the global …
On 30 April 2024, the Global Cross-Border Privacy Rules (GCBPR) Forum published a questionnaire with the certification requirements for recognised accountability agents to assess companies seeking certification for the CBPR system. The questions inc…
On 30 April 2024, the Global Cross-Border Privacy Rules (GCBPR) Forum published a document outlining the process for organisations to become recognised as accountability agents. These agents are empowered to certify companies as compliant with Globa…
On 30 April 2024, the Personal Information Protection Commission (PIPC) announced an amendment to the Enforcement Decree of the Personal Information Protection Act. This legislative action aims to facilitate the promotion of MyData across various se…
On 30 April 2024, the Personal Information Protection Commission (PIPC) issued revised guidelines for drafting privacy policies, aligning them with amendments to the Personal Information Protection Act. The revised guidelines contain provisions on o…