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A Study on the Liberalization of Digital Trade and Trade Restrictiveness Factors of Data Privacy : Focusing on EU GDPR

디지털무역 자유화와 개인정보보호의 무역 제한적 요소에 대한 연구 : EU GDPR을 중심으로

  • Ki-Hooon Woo (Department of Management of Technology, Konkuk University) ;
  • Sung-Shik Shin (Department of Golobal Business, Changwon National University)
  • 우기훈 (건국대학교 기술경영학과 ) ;
  • 신성식 (창원대학교 글로벌 비즈니스 학부)
  • Received : 2020.05.30
  • Accepted : 2020.06.28
  • Published : 2020.06.30

Abstract

This study was carried out to identify the impact of EU GDPR on international trade amid the ongoing digital trade liberalization. To do this, we first looked at the current trend of digital trade liberalization, the role of data in it, and the trade-restrictive elements of EU GDPR. This allowed us to identify the negative impact of GDPR on free trade. It then conducted an interview survey on Korean companies operating in the EU to verify the conclusions reached. The result of this survey showed that the level of GDPR risk perceived by Korean firms was very low compared with those of American, Japanese and Chinese firms. In particular, the impact of GDPR is not clear for Korea's SMEs. It can be assumed that the reason for this is that Korean SMEs are not using data as a major business tool while the capability of SMEs is sufficient to cope with GDPR. In this regard, the government's appropriate policies and further research for SMEs are needed.

Keywords

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