Summary
This article discusses the regulatory framework surrounding the handling of personal data in South Korea, primarily governed by the Personal Information Protection Act (PIPA). The PIPA provides comprehensive guidelines for both public and private entities regarding the collection, use, and disclosure of personal information. Key aspects include the role of supplementary laws such as the Network Act and the Credit Information Act, as well as the increasing significance of data in competition law as outlined by the Korean Fair Trade Commission (KFTC). The article highlights the evolving landscape of data regulation and its implications for various sectors, including advertising, healthcare, and artificial intelligence.
Source: Global Competition Review
Key Points
- The PIPA regulates personal data handling by public institutions and businesses in South Korea.
- Supplementary laws like the Network Act and the Credit Information Act also govern aspects of personal data use.
- Guidelines from the KFTC raise the profile of data use in antitrust cases, clarifying market dominance criteria.
- The KFTC has issued ‘Online Platform Review Guidelines’ to tackle abuses of market dominance by online platforms.
- Recent enforcement actions against Google and Meta underscore the importance of obtaining user consent for data collection.
Why should I read this?
If you’re interested in the hot topic of data privacy and how it’s shaping competition law in South Korea, this article is a must-read! It breaks down complex regulations and emerging trends in a way that’s easy to digest, saving you the headache of sifting through legal jargon. Plus, with the current focus on data handling in various sectors, being in the know is more crucial than ever. Dive in!