On 19 November 2024, the Personal Information Protection Commission (PCC) announced that EU privacy protections were equivalent to those provided under South Korean Law. The PCC convened a committee of 12 experts from academia, law, civil society, and industry to analyse the EU's privacy laws and protection mechanisms. The committee concluded they were equivalent to South Korean privacy laws and protections. Final approval of this conclusion will be made following a policy consultation council with the relevant ministries. If equivalence is formally recognised, personal data can be transferred between South Korea and the EU without additional compliance measures, such as contracts or certifications.
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