Republic of Korea: Signed Korea-Singapore Digital Partnership Agreement, including online consumer protection

On 21 November 2022, the Governments of Korea and Singapore signed the “Korea-Singapore Digital Partnership Agreement” (KSDPA). The Agreement seeks to deepen cooperation in the digital economy between both countries by establishing digital trade rules that promote interoperability between digital systems. Regarding online consumer protection, the Agreement provides that both countries will adopt or maintain laws and regulations against fraudulent, misleading or deceptive conduct that causes harm to consumers engaged in online commercial activities. The Agreement enters into force 30 days after its adoption.