European Commission Announces Completion Of South Korea Adequacy Talks

Reed Smith (Worldwide)


Reed Smith (Worldwide) logo
Reed Smith is a dynamic international law firm helping clients move their businesses forward. By delivering smart, creative legal services, we enrich clients' experiences with us and support achievement of their business goals. Our longstanding relationships and collaborative structure enable the speedy resolution of complex disputes, transactions, and regulatory matters.
On 30 March 2021, the European Commission announced, in a joint statement with South Korea's data protection authority, the Personal Information Protection Commission (PIPC), the...
Worldwide Privacy
To print this article, all you need is to be registered or login on

On 30 March 2021, the European Commission announced, in a joint statement with South Korea's data protection authority, the Personal Information Protection Commission (PIPC), the "successful conclusion" of the adequacy talks between the EU and South Korea. Such adequacy decision will enable the free flow of personal data from the EU to South Korea, covering both private and public data controllers, and ultimately benefiting commercial data transfers and facilitating regulatory cooperation.

The adequacy talks began over four years ago, in January 2017 and this announcement brings them closer to receiving this adequacy decision. South Korea has been preparing for this adequacy decision by amending its data protection laws (which it did last year), to, for example, enact the new Personal Information Protection Act, which confirmed the independence and powers of the PIPC. This was referred to in the announcement as confirming the "high degree of convergence" between the EU and South Korea for data protection and was a major step in the adequacy talks.

The announcement also complements the EU-Republic of Korea Free Trade Agreement, and both sides agree that this will aid in their commitment to shared values concerning privacy and cooperation. The framework for the future adequacy decision relies on the strong supervision of the PIPC.

The European Commission will now begin launching the decision-making procedure to get the adequacy decision adopted in the upcoming months.

Next steps
The European Data Protection Board will publish an opinion before formal approval by a committee comprised of representatives of the EU member states. Once it is approved, the Commission can adopt the adequacy decision, thereby introducing the free flow of personal data between the EU and South Korea.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More