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Seoul eyes privacy overhaul to secure EU adequacy deal and protect companies

By Danbee Lee ( September 8, 2017, 00:00 GMT | Insight) -- The EU's new data-protection rules have prompted South Korean authorities to consider changes to their own privacy regime, in a bid to get EU "adequacy" recognition for South Korea's domestic rules. If they fail to do so, the country's companies could face trouble as they are lagging behind their global peers in preparing for the new EU law.The EU's new data-protection rules have prompted South Korean authorities to consider changes to their own privacy regime in a bid to get EU "adequacy" recognition for their own domestic rules — even as South Korean companies fall behind in preparing for the EU law to come into force....

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