, Singapore
132 views

What are the key features in SG, Korea digital partnership deal?

The agreement was signed on 21 November 2022.

Singapore and Republic of Korea’s digital partnership agreement came into effect on 14 January 2023 to provide an improved digital trading environment and digital economy to businesses in both countries.

The Ministry of Trade and Industry said the Korea-Singapore Digital Partnership Agreement (KSDPA) will include electronic payments, paperless trading, cross-border Data Flows (including for Financial Services), prohibiting data localisation, open government data, and AI, amongst others.

“Singapore and the ROK have since completed all necessary legal procedures for the agreement’s entry into force,” read the statement.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!