The Network Act 2020 and its Broader Implications for Global Regulatory Frameworks

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Summary:

The South Korea Network Act 2020 is a significant legislative initiative that has global implications. The Act focuses on infrastructure development, data protection, and regulatory governance, making it a potential model for other countries to modernize their digital regulatory frameworks. Its comprehensive approach is being considered as a benchmark for global regulatory frameworks, and its data protection provisions are likely to influence international discussions on data sovereignty and cross-border data transfers. The Act's governance mechanisms offer valuable lessons on how to effectively govern complex, rapidly evolving digital ecosystems.