South Korea
Summary
Law: The Personal Information Protection Act 2011 (as amended in 2023) (PIPA)
Regulator: The Personal Information Protection Commission (PIPC)
Summary: On September 30, 2011, the Personal Information Protection Act 2011 (PIPA) (English version with 2020 amendments available here; fully up-to-date version, only available in Korean, here) was enacted, and it entered into force on the same date. The PIPA provides some of the strictest personal information protection requirements in the world, and regulates the collection, usage, disclosure, and other processing of personal data by governmental or private entities as well as individuals. In particular, the PIPA establishes general data protection requirements in South Korea, and addresses data processing notifications, data subject rights, data transfers, and provides for penalties of up to KRW 2 billion (approx. $1.5 million) or 3% of annual revenue for the violation of its provisions. Alongside the PIPA, the regulation of personal information is also governed by the Use and Protection of Credit Information Act 2009 and the Act on Promotion of Information and Communications Network Utilization and Information Protection 2001.
Most recently, in February 2023, the South Korean National Assembly passed amendments to the PIPA most of which entered into effect on September 15, 2023, along with amendments to the Enforcement Decree of the PIPA (the PIPA Enforcement Decree) (English version with 2022 amendments available here; up-to-date version, only available in Korean, here). In particular, the main changes to the PIPA feature data subject rights, the unification of regulations governing online and offline businesses, amendments to the provisions relating to administrative and criminal penalties, requirements for the processing of special categories of personal information, the introduction of rights applying to automated decision-making, rules on data breach notification, and new rules for cross-border data transfers.
With regard to the next steps, the Personal Information Protection Commission (PIPC), the main privacy regulator in South Korea, is currently working on another revision of the PIPA Enforcement Decree which will further implement the 2023 amendments to the PIPA including those on 'MyData' (i.e. the right to data portability). Such amendments to the PIPA Enforcement Decree are to be announced for public comment gradually, starting from October 2023.
With regard to the EU - South Korea data transfers, South Korea received an adequacy decision from the European Commission in 2021, namely the European Commission's adequacy decision for the transfer of personal data from the EU to the Republic of Korea under the General Data Protection Regulation (GDPR). Among other international agreements, South Korea is also a participant in the Asia-Pacific Economic Cooperation Cross Border Privacy Rules (APEC CBPR) system.