Joint Press Release by Ministry of Trade and Industry, Ministry of Communications and Information and Infocomm Media Development Authority

1. Singapore and the Republic of Korea (ROK) have concluded negotiations on the Korea-Singapore Digital Partnership Agreement (KSDPA). Second Minister for Trade and Industry Dr Tan See Leng and ROK’s Minister for Trade Yeo Han-Koo jointly announced this today at the Joint Ministerial Meeting in Singapore.

2. The KSDPA will be Singapore’s fourth Digital Economy Agreement (DEA)1, and the first with an Asian country. The agreement will deepen bilateral cooperation in the digital economy between both countries, by establishing forward looking digital trade rules and norms to promote interoperability between digital systems. This will enable more seamless cross-border data flows and build a trusted and secure digital environment for our businesses and consumers.

3. The KSDPA will prohibit data localisation except for specific purposes such as regulatory access. This allows businesses to transfer data securely as part of their daily business operations and allows businesses to choose where they may wish to store and process their data, according to their business needs. It will also deepen bilateral cooperation in new emerging areas like Personal Information Protection, E-payments, and Source Code protection. ROK and Singapore will also identify cross-border opportunities to facilitate Artificial Intelligence innovation and collaborations. The DEA will complement Singapore’s efforts to develop multilateral rules to create an enabling environment for e-commerce as co-convenor of the World Trade Organization Joint Statement Initiative on E-commerce.

4. Dr Tan See Leng said, “I welcome the conclusion of the Korea- Singapore Digital Partnership Agreement. It will strengthen the digital connectivity between Singapore and the Republic of Korea, and add to our already robust economic ties. By aligning standards, enabling trusted data flows and allowing cross border digital transactions to take place more seamlessly, the KSDPA will open up opportunities for our businesses and people in the rapidly growing digital economy.”

5. Singapore and ROK enjoy strong economic ties. Singapore was ROK’s 8th largest trade partner in 2020, with bilateral trade reaching S$44.6 billion. As of end-2019, Singapore was ROK’s 9th largest investor in Asia, with about S$8.37 billion worth of investments recorded in ROK. ROK was Singapore’s 6th largest source of investments in Asia, with a cumulative direct investment of S$23.7 billion.

6. The KSDPA is part of a series of DEAs that Singapore has embarked upon. These agreements are an inter-agency effort led by the Ministry of Trade and Industry, Ministry of Communications and Information, and the Infocomm Media Development Authority, to advance collaboration in the digital economy and enhance digital connectivity.

--------------------------------------------------------------------------------------------------------------------------

1 The KSDPA follows the Digital Economy Partnership Agreement with Chile and New Zealand, the Singapore-Australia DEA, and the UK-Singapore DEA.

Annex A: Key Features of the Korea-Singapore Digital Partnership Agreement 
Speech by Dr Janil Puthucheary, Senior Minister of State, Ministry of Communications and Information, at the Law Society's Cybersecurity and Data Protection Conference 2022 Speeches Cyber Security 04 Aug 22
Speech by Dr Janil Puthucheary, Senior Minister of State, Ministry of Communications and Information, at the GSMA M360 APAC 2022 on 2 Aug 2022 Speeches Public Comms, Digital Readiness 02 Aug 22
MCI response to PQ on Work of Cyber Security Agency of Singapore in Raising Cybersecurity Posture of Enterprises on Preventive Initiatives Parliament QAs Cyber Security 02 Aug 22
MCI response to PQ on Progress of Singapore's E-sports Scene and Info-Communications and Media Professionals Required to Support Games Sector Parliament QAs Others 02 Aug 22
MCI response to PQ on Structuring Future Tenders in Whole-of-Government Period Contract and Framework Agreement to Build Up Players in Creative Services Industry Parliament QAs Others 02 Aug 22
MCI response to PQ on "Live" Broadcast of English Premier League Matches Under IMDA's Cross-carriage Framework Parliament QAs Public Comms 01 Aug 22
MCI response to PQ on Regulatory Measures to Prevent and Block Unsolicited Messages on Unlicensed Loans and Illegal Gambling Websites Parliament QAs Cyber Security, Public Comms 01 Aug 22
Sunlight AfA celebrates a year’s work in tackling online harms Press Releases Digital Readiness, Others 27 Jul 22
Speech by Tan Kiat How, Senior Minister of State, Ministry of Communications and Information, at the Celebrate with Pick Industry Event on 26 July 2022 Speeches Others 26 Jul 22
Speech by Tan Kiat How, Senior Minister of State, Ministry of Communications and Information, at 35th CIO Workshop on 21 Jul 2022 Speeches Digital Readiness 21 Jul 22
Speech by Mrs Josephine Teo, Minister for Communications and Information, at Personal Data Protection Seminar on 20 July 2022 Speeches Personal Data 20 Jul 22
Speech by Tan Kiat How, Senior Minister of State, Ministry of Communications and Information, at the Opening of Delivery Hero Asia’s Regional Hub Workspace & Launch of Foodpanda's PowerUp! Tech Academy on 19 Jul 2022 Speeches Digital Readiness 19 Jul 22
Joint Statement on Further Promotion of Cooperation in The Field of Information and Communication Technology between The Ministry of Internal Affairs and Communications of Japan and The Ministry of Communications and Information of The Republic of Singapore on 13 July 2022 Press Releases Others, Infocomm Media 13 Jul 22
Public Consultation for Proposed Measures to Enhance Online Safety for Users in Singapore Press Releases Digital Defence, Public Comms 13 Jul 22
Keynote Address by Mrs Josephine Teo, Minister for Communications & Information, at the Operational Technology Cybersecurity Expert Panel (OTCEP) Forum on 12 July 2022 Speeches Cyber Security, Digital Readiness 12 Jul 22
MCI response to PQ on Programmes to Train Seniors to Adopt Digital Services Including Making Online Purchases and Using Digital Banking Services Parliament QAs Digital Readiness, Infocomm Media, Public Comms 04 Jul 22
MCI response to PQ on Penalties for Internet Service Providers for Fault Repairs Taking Longer than 24 Hours Parliament QAs Infocomm Media, Public Comms 04 Jul 22
MCI response to PQ on Avenues of Recourse when Social Media Organisations Do Not Comply with Government's Directions Parliament QAs Digital Defence, Public Comms 04 Jul 22
MCI response to PQ on Steps to Protect Singapore's Critical Infrastructure from Malware Threat Parliament QAs Cyber Security 04 Jul 22
MCI response to PQ on Take-up Rates for Various Digital Support Programmes and Ensuring Availability of Digital Learning Devices for Students Parliament QAs Infocomm Media, Public Comms, Digital Readiness 04 Jul 22
Speech by Dr Janil Puthucheary, Senior Minister of State, Ministry of Communications and Information, at Singapore Tamil Youth Conference on 2 July 2022 Speeches Public Comms 02 Jul 22
Speech by Mr Tan Kiat How, Senior Minister of State, Ministry of Communications and Information, at the Official Opening of ShopBack’s New Office Space on 1 Jul 2022 Speeches Digital Readiness 01 Jul 22
Joint Announcement: U.S Department of Commerce and Singapore Ministry of Communication and Information Launch Partnership Program To Empower Women In Tech Press Releases Infocomm Media 28 Jun 22
Key Points shared in Mrs Josephine Teo’s, Minister for Communications and Information, Wrap-up Interview on her working visit to the US, 28 June 2022 Speeches Infocomm Media, Others 28 Jun 22