Did you know that Korea has a law that was enacted as 'the world's first'?
This is the 'Data Fundamental Law'.

The 'Data Basic Act' encompasses the entire data industry development.
As a law containing information on data industry promotion and utilization promotion
On October 2021, 19, it was enacted as a 'world's first' in Korea.
It has been in full force since April 4th.

Leaping to become a 'data innovation powerhouse'
'Data Fundamentals Act' to spur more and more

Today's Takpuri will give you an easy and detailed explanation of the 'basic method of data'.

◆ In the era of the 4th industrial revolution, 'data' is competitive!
In the era of digital technology innovation such as AI, we are enacting the Data Basic Act to lay the foundation for the development of the data industry and to revitalize the 'data economy'.
Innovative growth through data! Now the 'data economy'

◆ Support for all cycles of 'data production, transaction, and utilization'
We intensively support all related industries to create high added value based on data, such as establishment of a control tower that encompasses public and private sectors, and fostering data traders for safe transactions.

① Overall national data policy
ㆍ Establishment of National Data Policy Committee
Deliberation/confirmation of data industry promotion basic plan every three years

② Promotion of data distribution and utilization
ㆍ Fostering data traders
Data transaction consultation, brokerage, mediation, etc.

ㆍ Designation of data valuation agency
Provide and evaluate data value criteria

③ Fostering data-specialized companies
ㆍ Introduction of data transaction and analysis provider reporting system
Systematic support by identifying policy targets

◆ Opportunity to leap forward as a 'data innovation powerhouse'
In order to innovate the economy and improve the quality of life of the people, it is essential to foster new data industries and new services!
We will work closely to ensure that the Data Basic Act is established in the industrial field and produces results.

We will create a country that utilizes data best.

 

☞ Source: Korea Policy Briefing (2022.05.02.)