Republic of Korea: Entry into force with grace period of Korea-Singapore Digital Partnership Agreement including data localisation prohibition

On 14 January 2023, the Digital Partnership Agreement, signed by the Government of Korea and Singapore on 21 November 2022, enters into force with a grace period. The Agreement seeks to deepen cooperation in the digital economy between both countries by establishing digital trade rules that promote interoperability between digital systems. The Agreement states that the parties will implement measures against requirements for data localisation and allow businesses to choose where their data is stored and processed and their cloud technology of choice.