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Comment: South Korea's MyData dream hits reality check, experts warn of rocky road ahead

By Jenny Lee ( July 3, 2024, 09:38 GMT | Comment) -- As South Korea's privacy regulator accelerates the MyData initiative's expansion into healthcare, telecommunications and e-commerce, businesses are alarmed by potential trade secret exposure, data security risks, and hefty infrastructure costs without clear benefits. With experts urging caution, the Personal Information Protection Commission faces mounting pressure to address the concerns before the fast-approaching deadline, making the next few months crucial for the future of the country's data portability ambitions.South Korea's ambitious MyData initiative, hailed by the country’s privacy watchdog as a game-changer for data portability and data subject empowerment, is facing significant hurdles as it attempts to expand beyond the financial sector....

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