UK signs first global data transfer deal with S.Korea

by IANS |

London, July 6 (IANS) The UK has signed its first international data sharing deal with South Korea in a post-Brexit world to promote digital trade.

The deal will allow organisations in both the countries to transfer data without any restrictions.

"Our new agreement will open up more digital trade to boost UK businesses and will enable more vital research that can improve the lives of people across the country," UK Data Minister Julia Lopez said in a statement late on Tuesday.

The decision follows nearly a "year's worth of positive, productive, and enlightening discussions on how our respective nations value, protect, and promote the protection of personal data," Lopez added.

The countries agreed to contribute to a healthier and more sustainable global data ecosystem based on free and safe data flows.

"We agree to work with our other strategic partners on multilateral initiatives, such as the Global CBPR Forum and the OECD's work on Trusted Government Access to Data," the UK said.

Jong in Yoon, South Korean Commissioner of the Personal Information Protection Commission, said that strengthening cooperation between the UK and the Republic of Korea "based on the shared recognition of high standards of protection can contribute to forming a healthier and more sustainable global data landscape".

South Korea was one of several countries earmarked for an international data adequacy initiative aimed at "unlocking the benefits of free and secure cross-border data flows now the country has left the EUa.

Google, Mastercard and Microsoft were among the companies advising the UK government on this deal as part of an International Data Transfer Expert Council.

Latest News
5 bronze idols stolen from TN temple recovered; 4 arrested Wed, Aug 17, 2022, 05:25 PM
Cabinet clears proposal to enhance ECLGS corpus to Rs 5 lakh cr Wed, Aug 17, 2022, 05:24 PM
Himachal Congress working president Pawan Kumar Kajal joins BJP Wed, Aug 17, 2022, 05:22 PM
'Public should not be misled by statements against allopathy', Delhi HC on Coronil claims Wed, Aug 17, 2022, 04:37 PM
Driver, three associates held for raping employer's minor daughter Wed, Aug 17, 2022, 04:36 PM
Gadkari & Shivraj dropped from reconstituted BJP Parliamentary Board Wed, Aug 17, 2022, 04:35 PM
Gujarat ATS seizes 225 kg MDMA Wed, Aug 17, 2022, 04:20 PM
US first lady tests positive for Covid-19 Wed, Aug 17, 2022, 04:15 PM
Lack of treatment guidelines hampering monkeypox care globally: Study Wed, Aug 17, 2022, 04:12 PM
Musk says it's 'long-running joke' about buying Manchester United Wed, Aug 17, 2022, 04:08 PM
Robust demand for imports to provide upside risk to FY23 CAD projection of $105bn: Acuite Ratings Wed, Aug 17, 2022, 04:04 PM
Few stocks in Jhunjhunwala portfolio still trading down Wed, Aug 17, 2022, 04:01 PM
Airtel pays Rs 8,312.4 cr for 5G spectrum, settles 4 yrs' dues upfront Wed, Aug 17, 2022, 04:00 PM
SC: Can access to free education, drinking water, electricity be termed freebies? Wed, Aug 17, 2022, 03:58 PM
MP Forest staff surrender weapons protesting unilateral action by senior staff Wed, Aug 17, 2022, 03:55 PM