Description

Announced EU-South Korea equivalence recognition system enabling mutual data transfer framework

On 31 October 2024, the Personal Information Protection Commission of South Korea announced the equivalence recognition system for data transfers under the Personal Information Protection Act (PIPA) for the European Union. The system aims to support safe data transfers without additional mechanisms or approvals. In March 2023, the amendment to PIPA introduced new data transfer mechanisms, the “equivalency recognition”, akin to the EU’s adequacy decisions. This development positions the EU as the first foreign jurisdiction recognised as having adequate protection. Once the PIPC adopts its decision, the equivalence recognition system will allow for data transfers between both jurisdictions, eliminating the need for further authorisations or additional transfer mechanisms.

Original source

Scope

Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
data protection authority

Complete timeline of this policy change

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2024-10-31
under deliberation

On 31 October 2024, the Personal Information Protection Commission of South Korea announced the equ…

2024-11-19
under deliberation

On 19 November 2024, the Personal Information Protection Commission (PCC) announced that EU privacy…