Republic of Korea: Concluded negotiations of the Korea and Singapore Digital Partnership Agreement including including online consumer protection

On 15 December 2021, the Governments of Korea and Singapore announced the conclusion of negotiations for the Korea-Singapore Digital Partnership Agreement (KSDPA). The KSDPA will strengthen digital connectivity between both countries by facilitating cross-border data flows and prohibiting data localisation. In particular, the Agreement aims to strengthen bilateral cooperation in new emerging digital areas, such as personal data protection, cross-border data flows, digital identities, fintech and artificial intelligence. Furthermore, the Agreement would enable the cooperation between the parties on consumer protection regulations.