On 17 December 2021, the Commissioner for Justice of the European Commission and the Chairperson of the Personal Information Protection Commission of the Republic of Korea announced, in a joint statement, the adoption of the European Commission’s adequacy decision for the transfer of personal data from the European Union to the Republic of Korea under the GDPR. Consequently, controllers can rely on this decision for such personal data transfers, no longer having to implement SCCs or other similar mechanisms.
This adequacy decision will complement the EU – Republic of Korea Free Trade Agreement.
The European Commission also published a Q&A on the adoption of the adequacy decision ensuring safe data flows between the EU and the Republic of Korea.
The press release is available here, and the full text of the decision is available here.
