PM discusses personal information protection with EU commissioner
SEOUL, Prime Minister Lee Nak-yon met with European Commissioner Vera Jourova on Friday and discussed ways to cooperate on personal information protection, officials said.
The meeting came after the European Union's General Data Protection Regulation went into effect last week. The law centers on strengthening personal information protection and calls for heavy penalties for businesses transferring such information outside the EU without permission.
South Korea is trying to win the EU's "adequacy decision" status, which would mean the country has the same level of personal information protection and therefore make it easier for Korean firms to transfer information to the country.
During the meeting, Lee explained to Jourova that South Korea already has high levels of personal information protection and that government agencies are working collectively to help businesses strengthen their information protection capabilities.
Lee also asked for help in concluding negotiations on the "adequacy decision."
Jourova said South Korea's personal information protection levels are high and that she would try to conclude "adequacy decision" negotiations with the country within this year, officials said.
Source: Yonhap News Agency