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AI & Enterprise

PIPC holds briefing on guidelines for writing privacy policies, shares revisions

South Korea\'s Personal Information Protection Commission held a briefing on April 28 to share key points of the revised guidelines for writing privacy policies it released on April 24. The commission also provided guidance on updated privacy policy guidelines, standards for handling pseudonymised data and personal data processing in generative AI services. It said the event focused on helping people better understand how their data is handled and supporting on-site application of the new standards.

Finance

Lee says stock market normalisation has only removed a few big stones

South Korean President Lee Jae-myung (이재명) said measures to normalise the stock market have only removed a few big obstacles and that further institutional reforms are needed. Speaking after receiving a Financial Services Commission report at a Cabinet meeting and emergency economic review session, he said the steps were showing effects. He also urged continued measures and asked when additional plans would be ready. Lee raised the market\'s undervaluation compared with other countries, and the FSC chairman agreed it remained undervalued versus corporate earnings.

AI & Enterprise

Europe steps up battle to cut reliance on US big tech as cloud law, political tensions intensify

European governments are expanding efforts to reduce reliance on U.S. software and cloud services and shift to European “sovereign technology.” The trend is linked to concerns over the 2018 U.S. CLOUD Act, which can require U.S. firms to provide access to data stored abroad. France is moving health data off Microsoft Azure to a sovereign cloud provider, and the European Commission has awarded sovereign cloud contracts to several European firms.