European Union and the Republic of Korea have successfully concluded the adequacy talks, finding that Korea’s data protection level is adequate to one of EU’s. Adequacy decision will mean free data flow between EU and Korea.
The European Commission will now proceed with launching the decision-making procedure with a view to having the adequacy decision adopted as soon as possible in the coming months.
This involves obtaining an opinion from the European Data Protection Board (EDPB) and the green light from a committee composed of representatives of the EU Member States.
Source: Personal Information Protection