UK finalizes first independent post-Brexit data transfer deal with South Korea
- 24th November 2022
- Posted by: Yogi admin
- Category: Governance, Risk, and Compliance
The UK has finalized its first independent data adequacy decision since leaving the European Union (EU) which will allow UK organisations to securely transfer personal data to the Republic of Korea without restrictions by the end of the year. The UK government stated that the new legislation, first agreed upon in principle in July, will allow businesses in both countries to share data more easily, enhancing opportunities for cooperation and growth. The decision comes following a full assessment of the Republic of Korea’s personal data legislation, with the UK government concluding that the nation has strong privacy laws in place that will protect data transfers while upholding the rights and protections of UK citizens.