Insights | Case Study

GR Korea Policy and Issue update November 2019 - Digital and Internet technology

Digital and Internet technology
1. Data

✔️ Issue

Strict regulation on usage of personal data, such as medical or financial information is acting as a barrier against businesses that seek to expand their operation in Korea. Fintech companies cannot even start their business because they cannot process raw data. Also, there is an overall issue that crucial public data resources, such as the NTS-collected data of business operators or police-collected public data are being much neglected, despite its significant commercial value and industrial applicability.