Republic of Korea: Announced accession of the Republic of Korea to the Digital Economy Partnership Agreement

On 8 June 2023, the Ministers of Singapore, New Zealand, Chile and South Korea announced the conclusion of discussions on South Korea's accession to the Digital Economy Partnership Agreement (DEPA). The DEPA establishes common norms for cooperation and harmonisation regarding digital trade, as well as digital content and services. Furthermore, DEPA creates a common framework for data protection, establishes common rules on digital trade and removes digital barriers for data transfers. South Korea will ratify the Agreement in 2023.