LIN NEWS
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LIN NewsLIN participated in the 2024 Swedish Chamber of Commer in Korea (SCCK) Gala DinnerLIN participated as a Silver sponsor for the Swedish Chamber of Commerce in Korea (SCCK) Gala Dinner, with Hye Kyung Lim, Hyun Su Do, and David Yang attending the event on behalf of the firm. Invitees included members of the Swedish business community, such as Tetra Pack and SAAB, as well as the diplomatic corps in Seoul and key collaborators. LIN is actively promoting the Sweden-Korea business in partnership with the Swedish law firm CFH, led by Carl-Fredrick Hendenstrom.2024.11.19
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News Letter[News Letter] Mobility Legal UpdatesProposed Amendment to the CACA, Requiring Certification for the “Driving Range per Single Charge” of EVs Bill to amend the Clean Air Conservation Act: Proposed by Rep. Kim Wi-sang and 10 others (Bill No. 2202458) Article 46 of the current Clean Air Conservation Act (the “CACA”) imposes an obligation on motor vehicle manufacturers to comply with the “Permissible Emission Level,” while Article 48 requires them to obtain “Certification” that exhaust gases from the motor vehicle can be maintained in compliance with the permissible emission levels for manufactured motor vehicles during the exhaust gas warranty period. For Type I low-emission vehicles (i.e., EVs, solar-powered vehicles, and hydrogen-electric vehicles), which structurally do not emit exhaust gases, the enforcement rules of the CACA simply set the Permissible Emission Level at zero (0). However, regarding Certification, the “Regulations for Certification, Test Methods, and Procedures for Manufactured Motor Vehicles” (Ministry of Environment Notice No. 2021-118, June 25, 2021) requires EV manufacturers to submit a “Test Report on Driving Range per Single Charge.” There has been controversy and concerns that requiring such submission is not grounded by the CACA and therefore violates the constitutional limits of delegated legislation. The bill to amend the CACA, proposed by Rep. Kim Wi-sang and 10 others on July 31, 2024, aims to revise the definition of “Zero-emission Vehicles” (which remains consistent with the current definition of Type I low-emission vehicles) and to add a provision to Article 46 of the Clean Air Conservation Act, requiring that vehicles be manufactured to meet the standards for “Environmental Performance, such as Driving Range per Single Charge,” and further introduces an obligation to obtain Certification under Article 48. If the bill passes, it will provide a legal basis for the mandated inclusion of the driving range in the test report, which was previously based solely on the Ministry of Environment’s public notice. Given that the CACA is intended to preserve “air quality,” it remains questionable whether it is appropriate to make “Driving Range per Single Charge” a Certification requirement under the act. Nonetheless, this bill is expected to significantly address the controversy over the limits of delegated legislation. Furthermore, since the environmental performance standards will be established by the Ordinance of the Ministry of Environment, if the bill is passed, it will be important to closely monitor future developments of these provisions. In addition, differentiation between subjects of ‘certification’ and ‘reporting’ of modification will have a substantial impact on the certification practices of motor vehicle manufacturers. Proposed Amendment to Mandate Fire Safety Facilities at Vehicle Charging Stations Bill to amend the Act on Promotion of Development and Distribution of Environment-Friendly Motor Vehicles: Proposed by Rep. Koo Ja-keun and 9 others (Bill No. 2202763) Bill to amend the Act on Promotion of Development and Distribution of Environment-Friendly Motor Vehicles: Proposed by Rep. Kim Sang-wook and 9 others (Bill No. 2202614) Bill to amend the Act on Installation and Management of Firefighting Systems: Proposed by Rep. Park Yong-kab and 14 others (Bill No. 2202690) The Act on Promotion of Development and Distribution of Environment-Friendly Motor Vehicles mandates the installation of charging facilities and exclusive parking areas for environment-friendly motor vehicles in public buildings, public-use facilities, and apartment complexes (Article 11-2, Paragraph 1). However, the Act currently does not require the installation of fire safety facilities at charging stations. In response, several bills have been proposed in August to address this gap. Rep. Koo Ja-keun and 9 others proposed a bill to amend the act on August 13, 2024, and Rep. Kim Sang-wook and 9 others on August 7, 2024. Rep. Park Yong-kab and 14 others proposed a bill to amend the Act on Installation and Management of Firefighting Systems on August 9, 2024. All of the above bills mandate the installation of fire safety facilities mandatory at EV charging facilities. Although the fire occurrence rate in EV is not significantly higher than the rate in internal combustion engine vehicles, extinguishing fires in EV batteries is relatively more challenging. Further, EV battery fires are known to occur mainly during charging. These bills reflect public concern, emphasizing the need for specialized fire safety facilities for EVs due to the difficulty in extinguishing fires in underground parking lots when EVs catch fire. Proposed Amendment to the MVMA to Mandate Disclosure of Battery Manufacturer in Vehicle Specifications Sheet Bill to amend the Motor Vehicle Management Act: Proposed by Rep. Han Jeong-ae and 12 others (Bill No. 2202740) The current MVMA requires EV manufacturers to submit a vehicle specification report and a vehicle specification sheet, as per the enforcement rules of the MVMA, to the performance testing agency when releasing a new vehicle. The vehicle specification sheet must include details such as (1) the rated voltage and capacity, (2) the type, and (3) the quantity of the driving battery. However, the current Act does not mandate EV manufacturers to include information about the battery manufacturer (Article 30, Paragraph 4 of the MVMA, Article 39, Paragraph 1 of the Enforcement Rules, and Attached Form No. 25). The bill to amend the MVMA, proposed by Rep. Han Jeong-ae and 12 others on August 12, 2024, obligates EV manufacturers to inform the testing agency of the battery manufacturer and product name. The recent EV fire in an apartment’s underground parking lot became a social issue due to the spread of incorrect information about the battery installed in the vehicle. This bill was proposed to ensure the protection of consumers’ right to know in connection with such issue. In addition, numerous similar bills are being proposed. While several manufacturers have already voluntarily disclosed their battery manufacturers, if this bill passes, EV manufacturers will be required to include and disclose the battery manufacturer and product name in the vehicle specification sheet. Proposed Amendment to the MVMA Enforcement Decree to Obligate Safety Certification of Drive Batteries and Other Parts — Opinions to be submitted by Sept. 11, 2024 Enforcement Decree of Motor Vehicle Management Act (Proposed Partial Amendment), Prior announcement made on July 31, 2024 (Announcement No. 2024-1095) The Motor Vehicle Management Act (the “MVMA”) was amended on August 16, 2023 (Act No. 19685) to require motor vehicle or parts manufacturers to obtain safety certification from the Minister of Land, Infrastructure, and Transport (the “MOLIT”) for core devices or components, such as drive batteries, to which new technologies are applied (Article 30-7). This amendment will take effect on February 17, 2025. Accordingly, the proposed amendment to the Enforcement Decree of the MVMA was publicly announced on July 31, 2024, which introduces the following: (1) adding “Core Devices, etc.” to the types of motor vehicle parts, (2) specifying the types of “Core Devices, etc.” subject to safety certification as drive batteries for electric vehicles (“EVs”) and electric motorcycles, and (3) establishing the standards for imposing fines for failing to report changes to important matters in the safety certification prescribed by the Ordinance of the MOLIT (one million KRW for first violation, increased by one million KRW for every subsequent violations, up to the third). Opinions can be submitted to the MOLIT until September 11, 2024. Proposed Amendment to Mandate Pedal Video Recording Devices and Pedal Misapplication Prevention Devices Bill to amend the Motor Vehicle Management Act: Proposed by Rep. Yeom Tae-yeong and 13 others (Bill No. 2202512) The MVMA was amended on February 13, 2024 (Act No. 20298) to mandate the installation of Event Data Recorder (“EDR”) by motor vehicle manufacturers and sellers (Article 29-3), which will take effect on February 14, 2025. The bill to amend the MVMA, proposed by Rep. Yeom Tae-young and 13 others on August 2, 2024, is based on concerns that the current event data recorders are not highly effective in identifying and analyzing the causes of accidents. This bill seeks to obligate the installation of: (1) a “Pedal Video Recording Device” (commonly known as a “pedal black box”), which records video of the operation of the pedals and stores the video for review or analysis, and (2) a “Pedal Misapplication Prevention Device,” which prevents unintended acceleration when the driver steps on the wrong pedal and a collision is anticipated. The Sudden Unintended Acceleration (“SUA”) accidents are widely recognized to be caused not by vehicle defects but by driver’s application of the wrong pedal by mistake. The widespread use of the term “Sudden Acceleration,” which in Korean implies a vehicle defect, has been criticized for potentially hindering drivers’ appropriate responses when they mistakenly apply the wrong pedals. In this context, the mandatory installation of Pedal Video Recording Devices is not only unnecessary, but also raises concerns as it appears to be based on an unfounded distrust of EDR data. The mandatory installation of Pedal Misapplication Prevention Devices may help prevent SUA accidents, as seen in the example of Japan. However, there are clear limitations in preventing all such incidents through automated algorithms alone. Therefore, it is essential to also raise awareness of the causes of SUA accidents and appropriate response measures. Proposed Amendment to Mandate Verification of Driving Qualification for Personal Mobility Devices Bill to amend the Road Traffic Act: Proposed by Rep. Lim Ho-seon and 9 others (Bill No. 2202673) Under the current Road Traffic Act, “Personal Mobility Devices” refer to electric scooters, two-wheeled electric scooters (segways), and bicycles that can be powered solely by an electric motor, with a body weight of less than 30 kg and a maximum speed of less than 25 km/h (Article 2, Paragraph 19-2 of the Act, Article 2-3 of the Enforcement Rules). As is widely known, Personal Mobility Devices are mainly operated on a rental basis through online platforms. However, the current Road Traffic Act does not require verification of user’s driving qualification at the time of rental. Further, if a person is found to be riding a Personal Mobility Device while intoxicated, they are subject to a fine not exceeding 200,000 KRW, misdemeanor imprisonment (up to 30 days), or a penalty surcharge (up to 50,000 KRW), which is a significantly lighter penalty compared to that for driving a motor vehicle under the influence (Article 156, Paragraph 11 of the Act). The bill to amend the Road Traffic Act proposed by Rep. Lim Ho-seon and 9 others on August 8, 2024, introduces the following provisions: (1) Requiring Personal Mobility Device rental companies to verify the user’s driving qualifications when renting out devices to users, with a fine of up to 5 million KRW for each violation, (2) Reducing the maximum speed of Personal Mobility Devices from the current 25 km/h to 20 km/h, and (3) Imposing the same penalties for riding a Personal Mobility Device while intoxicated as those for driving a motor vehicle under the influence. If the bill passes, Personal Mobility Device rental companies will be required to implement a procedure to verify the user’s driving qualifications when offering rental services. Additionally, the companies will need to (for example by updating the software of personal mobility devices) to limit the maximum speed to below 20 km/h. Proposed Amendment to Obligate Reduction of Microplastics from Tire Wear Bill to amend the Act on Resource Circulation of Electrical and Electronic Equipment and Vehicles: Proposed by Rep. Lee Soo-jin and 9 others (Bill No. 2202225) The Act on Resource Circulation of Electrical and Electronic Equipment and Vehicles currently requires motor vehicle manufacturers and importers to adhere to maximum levels of hazardous substances “at the stage of manufacturing” (Article 9, Paragraph 1). In other words, motor vehicle manufacturers and importers are only required to comply with these standards during the manufacturing process, and there are no specific regulations concerning the generation of hazardous substances during the vehicle’s operation. The bill to amend the act, proposed by Rep. Lee Soo-jin and 9 others on July 24, 2024, mandates that motor vehicle manufacturers and importers comply with the “Guidelines for Material and Structural Improvement,” which are to be jointly established and announced by the Minister of Environment and the Minister of Trade, Industry, and Energy, to reduce hazardous substances that may be produced “during the use” of the motor vehicle. According to the proposed bill, if these guidelines are violated, the Ministers may recommend compliance with the guidelines to the manufacturers and importers and mandate them to report whehter they followed the recommendations. This amendment comes in response to recent public concern over the emission of microplastics during tire wear in vehicle operation, which has been identified as a cause of air and marine pollution. If the bill passes, motor vehicle manufacturers and importers will need to pay close attention to the development of the said Guidelines for Material and Structural Improvement. Proposed Amendment to the Road Traffic Act to Strengthen Punishment of DUI Bill to amend the Road Traffic Act: Proposed by Rep. Park Sung-hoon and 9 others (Bill No. 2202201) Bill to amend the Road Traffic Act: Proposed by Rep. Seo Young-kyo and 12 others (Bill No. 2202595) The current Road Traffic Act allows for the reinstatement of a driver’s license after a certain period, even if the driver’s license has been revoked due to repeated driving under the influence (“DUI”). Additionally, there are no criminal penalties or license revocation provisions for fleeing to avoid a breathalyzer test or deliberately consuming more alcohol after DUI to interfere with the measurement of blood alcohol concentration. In response to growing public demand for stricter penalties and sanctions against DUIs, bills have been proposed to address these legislative gaps. The bill proposed by Rep. Park Sung-hoon and 9 others on July 24, 2024, includes the following provisions: (1) individuals who have been convicted of DUI three or more times will be permanently barred from obtaining a driver’s license, (2) fleeing to avoid a breathalyzer test will be subject to criminal punishment and driver's license revocation, and (3) drinking additional alcohol after a DUI incident to hinder a breathalyzer test will be subject to criminal punishment. The bill proposed by Rep. Seo Young-kyo and 12 others on August 6, 2024, includes the same provisions as items (2) and (3) above, and additionally, makes item (3) subject to driver’s license revocation. In addition, numerous similar bills are being proposed. *** LIN has extensive experience in providing advisory and litigation services within the mobility industry, particularly in areas such as administrative regulations and patents and trade secret disputes related to motor vehicles. Our Mobility Team features attorneys and experts with a distinctive interest and passion for motor vehicles. Should you wish to learn more about this newsletter or have any other inquiries, please do not hesitate to contact our firm’s Mobility Team: ▶ Keejeong Kim (kjkim@law-lin.com, 010-2030-5275) ▶ Min-gu Kang (mgkang@law-lin.com, 010-3907-9217).2024.09.03
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NoticeLin Signs MOU with Korea New & Renewable Energy Association (KNREA)Mutual cooperation on new & renewable energy-related projects through legal services in the field of laws and regulations On October 26, Lin signed an MOU with KNREA to promote the development of the domestic new & renewable energy industry. The agreement was signed to provide various legal services to KNREA and its member companies, including information on new & renewable energy-related laws and regulations. Through the agreement, the two parties agreed to cooperate on ▶ improving new & renewable energy-related laws and systems ▶ providing legal advice on new & renewable energy ▶ and training on new & renewable energy. In line with the trend of carbon neutrality, Lin will exert its best to promote the sustainable development of the renewable energy industry, which can replace conventional energy using fossil fuels and nuclear power. For more information, please visit KNREA website below. http://www.knrea.or.kr/bbs/?act=bbs&subAct=view&bid=agreement&page=1&order_type=desc&seq=58282023.11.10
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Recruitment PersonnelNew RecruitmentsWe are pleased to welcome Jung Bong Lee (Partner), Lance B. Lee (Foreign Legal Consultant - Partner), and Ki Suk Seol (Of Counsel) as new members of our Firm. 1. Jeong Bong Lee, Partner - Incheon Songdo High School(68th) - Yonsei University, Department of Law - Chungnam National University, School of Law - Korean Bar Examination (40th, 1998) - Judicial Research and Training Institute (27th) - University of Vienna – Criminal Justice Institute Visiting Scholar (2008) Past) Incheon District Public Prosecutors’ Office – Prosecutor (2001) Past) Daejeon District Public Prosecutors’ Office, Hongseong Branch – Prosecutor (2003) Past) Incheon District Public Prosecutors’ Office, Bucheon Branch – Prosecutor (2005) Past) Seoul Central District Public Prosecutors’ Office – Prosecutor (2007) Past) Supreme Prosecutors’ Office - Prosecutor Researcher (2007) Past) Busan District Public Prosecutors’ Office – Prosecutor (2013) Past) Financial Intelligence Unit (FIU) - Head of Strategic Analytics (2014) Past) Chuncheon District Public Prosecutors’ Office, Gangneung Branch – Chief Prosecutor (2016) Past) Daegu District Public Prosecutors’ Office, Seobu Branch – Chief Prosecutor, Criminal Division 3 (2017) Past) Seoul Eastern District Public Prosecutors’ Office - Chief Prosecutor, Criminal Division 5 (2018) Past) Seoul Southern District Public Prosecutors’ Office - Chief Prosecutor, Criminal Division 2 (2019) Past) Supreme Prosecutors’ Office – Human Rights Policy Officer (2020) Past) Gwangju District Public Prosecutors’ Office – Human Rights Protection Officer (2021) Past) Chuncheon District Public Prosecutors’ Office – Chief of Wonju Branch (2022) Past) Seoul High Prosecutors’ Office (Daegu District Public Prosecutors’ Office, Secondment(2023), Voluntary Resignation) Current) LIN Since his appointment as a prosecutor in 2001, Mr. Lee has served as a prosecutor at the Seoul Central District Prosecutors' Office, a researcher at the Supreme Prosecutors' Office, a prosecutor at the Busan District Prosecutors' Office, a secondee at the Financial Intelligence Unit (FIU), a deputy prosecutor at the Seoul Eastern and Southern District Prosecutors' Offices, and a human rights policy officer at the Supreme Prosecutors' Office, before finally retiring in 2023 as the Chief Prosecutor of the Wonju District Prosecutors' Office. During his 22 years and 8 months as a prosecutor, he discharged a wide range of cases, including intellectual property infringement, technology theft and unfair competition, medical malpractice, sexual assault, finance, taxation, homicide, special crime, public security, and human rights policy (due process compliance in investigations). Mr. Lee, who joined Lin as a partner in November 2023, plans to actively engage in various cases such as securities, finance, and corporate anti-corruption based on diverse investigative and theoretical experience accumulated from the prosecution. Lin boasts top domestic experts in responding to financial, corporate crimes, and other investigative matters, and we will strive to provide our clients with high-quality legal services. 2. Lance B. Lee, Foreign Legal Consultant (Partner) - Boston College Law School – J.D. - University of Virginia – B.A. Past) Dentons Lee - Chief Operating Officer, Head of International Arbitration & Litigation and Partner, 2012-2023 Past) Kim & Chang - Partner Past) STX Shipbuilding Corporation – Group General Counsel Past) POSCO – Overseas Projects Team Leader Past) U.S. Army JAG Corps – Trial Counsel, Prosecutor and Captain Past) Gainer, Rient & Hotis - Attorney Current) LIN – Head of International Arbitration & Litigation, Partner (Present) Mr. Lee, a U.S. attorney, was responsible for various international arbitration and litigation cases for 11 years at Kim & Chang, representing numerous international corporations and diverse fields. Serving as General Counsel at STX Shipbuilding Corporation and Head of the International Legal Team at POSCO, he handled tasks such as international arbitration, international litigation, IP, corporate M&A, contract negotiations, and joint investments for global conglomerates. Subsequently, as a partner at the Seoul Office of Dentons, he worked for 11 years as the Head of the International Arbitration/Litigation Team, leading numerous international arbitration cases as lead counsel. In 2024, for the first time in history, more than half of the global population will be holding elections, signaling the end of America’s “unilateral hegemony” and prompting the world to prepare for more disputes. With major industrial powers intensifying their industrial policies and protectionist measures to secure leadership in advanced and eco-friendly industries post-election, there is an anticipated increase in international disputes, particularly in advanced technology sectors such as semiconductors and information technology (IT). Mr. Lee, a foreign attorney leading the International Arbitration/Litigation Team, will leverage his experience and expertise to actively discharge legal advice on the prevention and resolution of international disputes for various global corporations based on his accumulated knowledge and professionalism. 3. Ki Suk Seol, Of Counsel - Hongik University, Department of Architecture - Kyungpook National University, Graduate School of Law, - KAIST, Intellectual Property Graduate School - Bar Examination (3rd) Past) Eland Group, Legal Department Past) Hyundai Engineering, Legal Department Past) Ministry of Justice, Legal Affairs Officer Past) Ministry of Justice, Legal Affairs Secretary Current) LIN Mr. Seol, as an in-house counsel for a large corporation, has accumulated expertise in a wide range of legal affairs that can arise within the company, including civil and criminal litigation and consultation, fair trade practices, compliance, intellectual property, construction, and labor-related dispute management. Subsequently, serving as a Legal Affairs Secretary at the Ministry of Justice, he handled administrative adjudication and litigation, legislation drafting and revision, interpretation of laws and rights, review of government and legislative bills, formulation of legislative strategies, improvement of attorney and notary systems, and enhancement of legal technology systems. Through these roles, he has built expertise in planning, administration, and legislation. Amidst the ongoing challenges such as the increase in unsold and unoccupied properties, rising construction costs, high interest rates, and stagnation in real estate PF, it is anticipated that legal disputes and litigation among real estate market participants, including developers, contractors, financial institutions, trustees, and local housing associations, will continue to rise. Mr. Seol, who has served as an in-house counsel for a global integrated construction company, has handled a wide range of cases from civil and criminal matters to fair trade, construction, labor, and compliance issues, from the client's perspective, collaborating with various major law firms. Drawing upon his extensive practical experience accumulated in the field, he is committed to providing tailored solutions, not only advisory services but also litigation support, to corporate clients. 4. Recruitment of Foreign Lawyer With recent concerns over deflation in China, attitudes of Korean companies towards China have become notably cautious. Consequently, there is a growing need for professional advice regarding entry into the Chinese market. Recognizing this demand, Lin has recently recruited Ms. Wenpu Yang (Chinese attorney), aiming to provide high-quality legal service that aligns with our clients’ business strategies and management objectives on various issues related to Sino-Korean business relations. Going forward, Lin promises to continuously recruit verified talents in various fields to ensure customer satisfaction.2024.02.05
LIN selected as 'AI Legal Assistant Service Disseminator' outperforming large law firms
Five consortiums of law firms have been selected as the finalists in the government's first AI-based legal service support project.
According to legal circles on the 29th, the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA) recently selected 'AI Legal Assistant Service Disseminators' that will receive a total of 14.2 billion won. As a result of the competition between major law firms, legal tech platforms, and AI giants, small and medium-sized law firms such as Law & Liberty, LIN, and Donghwa, which partnered with technically advanced legal tech companies, were selected.
A total of five projects were selected, including two "public oriented services" that will receive 4.4 billion won each and three "private expert assistant services" that will receive 1.8 billion won each over the next 18 months. The private expert assistant services include Saltlux-LIN's Legal Co-Pilot, Law & Company-Yoon & Yang's Legal Case Analysis Support, and WiseNut-Donghwa-LKB & Partners's AI Legal Assistant. Saltlux's Legal Co-Pilot focused on improving efficiency by assisting lawyers in their work.
For more details, please refer to the original article below.
The Korea Economic Daily
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https://www.hankyung.com/article/2024072969481
Attorney Jeong Bong Lee of LIN, delivered a keynote on 'Strategies for Responding to the Virtual Asset Users Protection Act'
On July 24, the "2024 7th KBIPA Web 3.0 Leaders Forum" was held at The White Vale, hosted by the Korea Blockchain Industry Promotion Association (Chairman Hyung Joo Kim).
The forum was attended by more than 60 participants, including KBIPA executives and employees, and members of associations and experts in various fields such as law, finance, and the blockchain industry.
Lee gave a keynote presentation on "Strategies for Responding to the Virtual Asset Users Protection Act," covering the domestic and international market conditions related to virtual assets, whether virtual assets are securities, concepts of important terms and penalty provisions of the Virtual Asset User Protection Act, their implications and response strategies.
In particular, the presentation was significant as it examined potential legal issues related to the regulation of unfair trade practices that may arise immediately after the enforcement of the Virtual Asset Users Protection Act and discussed preemptive response measures, and was well-received by the attendees.
Our firm will continue to respond promptly to various legal issues arising in the cryptocurrency market by collaborating with lawyers with expertise in the cryptocurrency market, including Lee, former head of the FIU's Strategic Analysis Team, and existing financial lawyers and experts who have experience in the Financial Supervisory Service, the Korea Exchange, and the securities industry.
For more details, please refer to the original article below.
Fintech Today
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https://www.fintechtoday.co.kr/news/articleView.html?idxno=1083
[Contributed by] Attorney Chang Ha Brian Yoo of LIN, 'Data Protectionism in the Age of AI'
An article of U.S. Attorney Chang Ha Brian Yoo of LIN’s TMT team was recently published in the Maeil Business Newspaper.
In an article titled "Data Protectionism in the Age of AI," U.S. Attorney Chang Ha Brian Yoo discussed the growing international conflict over data acquisition and control, or "data protectionism," in the age of AI. Former U.S. Secretary of State Henry Kissinger has called for an international treaty on AI development and use, similar to the Nuclear Arms Reduction Treaty. Recently, the U.S. passed a bill that could ban TikTok, requiring Bytedance to sell TikTok or face a ban on its service in the U.S., and Japan demanded that Naver sell its messaging platform Line to a Japanese company. These measures reflect the critical importance of data control, which can significantly impact both national security and the success of data economy. Yoo emphasized that major countries are adopting data protectionism to protect their citizens' data and block foreign influence, and suggested that Korea should seek a policy balance in this regard.
For more details, please refer to the original article below.
Maeil Business Newspaper
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https://m.mk.co.kr/news/contributors/11068640
