"Hooray! Finally, the Data 3 Act Passed" Chairman Park Yong-man Cheers on SNS

"Thank you very much to everyone who worked hard"

[Asia Economy Intern Reporter Heo Midam] On the 9th, as the National Assembly passed the 'Data 3 Act' (amendments to the Personal Information Protection Act, the Information and Communications Network Act, and the Credit Information Act) aimed at revitalizing the big data industry, Park Yongman, Chairman of the Korea Chamber of Commerce and Industry, expressed his welcome.

Chairman Park wrote on his Facebook in the afternoon, "Hooray! Finally, the Data 3 Act has passed!! Thank you very much to everyone who worked hard."

He continued, "To the lawmakers who proposed the bill, especially Chairman Yeo Sanggyu of the Legislation and Judiciary Committee who worked hard until the end, Chairman Eun Seongsu who persuaded and worked together, and all the staff who worked late into the night skipping meals, thank you all," welcoming the passage of the bill.

Earlier, while waiting for the bill to pass, he stated, "I shouldn't be doing this while at CES, the battleground of the world's advanced industries. Others have already run ahead, filling the entire exhibition hall showing off their progress, and hundreds of thousands from around the world have come to see it," adding, "It is truly sad that we are in a reality where we are just asking for a basic law."

Chairman Park headed to Las Vegas, USA, on the 8th to attend 'CES 2020,' the world's largest international electronics exhibition.

Meanwhile, the 'Data 3 Act' had been pending in the National Assembly for a long time due to controversies over personal information infringement, despite appeals for its passage from domestic industries including startups.

With the 'Data 3 Act' passing the plenary session on this day, pseudonymized information that cannot identify specific individuals can now be used for research purposes without the individual's consent, and de-identified credit information (pseudonymized information) can also be used for commercial purposes.

Additionally, all personal information regulatory authority under the jurisdiction of the Korea Communications Commission was transferred to the Personal Information Protection Act, resolving unnecessary overlapping regulations.

This content was produced with the assistance of AI translation services.