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Strategisch Rapport Korea
12.07.2021

South Korea - National Strategy for a great transformation (Digital New Deal)

South Korea - National Strategy for a great transformation (Digital New Deal)

South Korea has started rolling out the ‘Korean New Deal’, the country's ambitious long-term strategy to re-launch the economy after the COVID-19 crisis. The government is investing a total of 112.5 billion euros. The plan includes a ‘Green Deal’, which envisages investments in greening and making the economy more sustainable, a plan for strengthening employment and social safety nets, and a ‘Digital New Deal’, a ‘fast track’ for national digital transformation. We focus on the latter part.

What: Policy orienting document

Impact score: 3 

For who: Policy makers, companies, industry organisations and citizens 

Link to the document
 

Key takeaways for Flanders:

South Korea's economic recovery plan could provide inspiration for Flanders, which also has strong digital ambitions. Like Flanders, South Korea wants to build a data-driven economy. Central to that plan is the national ‘Data Dam’ project. The data dam is a central platform for collecting and processing a large amount of data. The data dam should support a data-driven economy including collecting, standardising, processing and combining data, and ultimately secures a competitive advantage for the country by creating new industries and accelerating the digital transition of key industries.

Deregulation of access to personal data

In January 2020, the South Korean government passed amendments to the three main data privacy laws: the Personal Information Protection Act (PIPA); the Act on the Promotion of Information and Communications Network Utilisation and Information Protection (‘Network Act’); and the Act on the Use and Protection of Credit Information (‘Credit Information Act’). The amendments included allowing personal data to be used without the data subject's consent in certain cases.

Applying MyData vision

MyData is a concept of an international NGO. MyData pursues more or less the same goal as Tim Berners-Lee's Solid project: to give citizens back access to their personal data, and in the process help them

Summary

For a full summary, please consult the Dutch version of this web page.