Singapore and South Korea conclude digital economy agreement
Singapore and South Korea concluded negotiations on the Korea-Singapore Digital Partnership Agreement (KSDPA). The agreement will promote free data flows and will prohibit data localisation except for specific purposes. The agreement will also deepen bilateral cooperation between the two countries in areas such as the facilitation of e-payments, personal information protection, consumer protection, and source code protection. The agreement will be Singapore’s fourth digital economy agreement, and its first with an Asian country.