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PERSONAL DATA PRIVACY COMPLIANCE WHEN DOING BUSINESS IN SOUTH KOREA

PERSONAL DATA PRIVACY COMPLIANCE WHEN DOING BUSINESS IN SOUTH KOREA

 

( by Andrew Baek, November 7, 2023 )

 

Doing business in South Korea involves navigating strict regulations regarding personal data privacy compliance. South Korea has robust data protection laws, notably the Personal Information Protection Act (PIPA), which governs the collection, use, and other processing of personal information. Companies doing business in South Korea must ensure compliance with these regulations.

 

When collecting and using personal information directly from clients, finding a use for information automatically gathered or generated therefrom, or transferring the same to another entity for whichever business reasons there may be, business entities are now well aware that consent from the person to whom the information pertains to is necessary, and that they have to set-up a privacy policy addressing these matters which shall be made available to the public.

 

However, not all entities are familiar with the full extent of their responsibilities as the personal information controller under PIPA which includes, among others, establishment, implementation, and periodical reviewing of an internal management plan for the protection of personal information.

 

Non-compliance with the legal requirements for the internal management plan, or other measures to ensure the safety of Personal Information, will subject the personal information controller, the business entity, to administrative fines. But more importantly, in an era of an ever-growing array of data security threats and identity thefts, the best practice commercially feasible for business entities to follow would be strict abidance by all such measures of protection in good faith. History and record of compliance to the privacy protection requirements are considered in favor of such business entities by Personal Information Protection Commission in the occurrence of breach, loss, damage, etc. to the personal information processed by the business entities and by the courts in legal proceedings against the business entities arising from breach or loss of such information, especially those caused by hacking or other malicious activities.

 

Therefore, businesses expanding or operating in Korea need to prioritize robust data protection practices and regularly update their policies to align with the evolving regulatory landscape, fostering trust and transparency with clients or users regarding their personal information handling.

 

법률사무소 인평의 칼럼은 일반적인 법률 정보를 고객에게 제공되고 있으며, 이에 수록된 내용은 법률사무소 인평의 공식적인 견해나 구체적인 사안에 관한 법적인 효력을 지닌 법률자문이 아닙니다. 구체적인 사안에 대한 법률의견이 필요하신 분들은 법률사무소 인평의 변호사에게 공식 자문을 요청해주시면 감사하겠습니다. 본 게시물의 저작권은 작성자에게 있으며, 무단전재 및 재배포를 금지합니다.

관련 구성원
조윤상 대표변호사 ・ 변리사

02-2038-2339 / yscho@inpyeonglaw.com

Andrew Baek 외국변호사

02-2038-2339 / abaek@inpyeonglaw.com

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