Financial Crime World

South Korea Unveils Ambitious Cybersecurity Strategy to Boost Competitiveness and Protect Citizens’ Rights

Introduction

The National Security Office (NSO) of South Korea has published the country’s first comprehensive cybersecurity strategy, aimed at establishing a fair competition principle in the market, improving technological competitiveness, and protecting citizens’ fundamental rights.

Key Areas of Focus

The National Cybersecurity Strategy outlines five key areas:

Establishing a Principle of Fair Competition

  • Transform the procurement system for cybersecurity products and services from “price-centric” to “performance-centric”
  • Guarantee proper pricing for cybersecurity services
  • Investigate illegal practices of subcontracting

Raising Cybersecurity Awareness and Strengthening Practice

  • Customized education programs for specific sectors such as students, government officials, military personnel, and company employees
  • Encourage businesses to protect cyberspace and maintain a high level of security in their products and services

Balancing Fundamental Rights with Cybersecurity

  • Respect citizens’ rights while implementing policies to prevent illegal activities online
  • Actively collect public opinion and disclose information about cybersecurity to promote transparency and trust

Fostering a Cybersecurity Culture

  • Promote fair competition, raise awareness, and balance rights with cybersecurity through education and training programs

Leading International Cooperation in Cybersecurity

  • Explore means for practical bilateral and multilateral cooperation
  • Strengthen partnerships with international organizations
  • Accede to international agreements
  • Guide the formation of international rules and best practices

Implementation Plan

The National Cybersecurity Strategy will be implemented through the establishment of:

National Cybersecurity Basic Plan

Regular monitoring by the NSO to ensure its effectiveness

National Cybersecurity Implementation Plan

Regular monitoring by the NSO to ensure its effectiveness

Conclusion

“We believe that cybersecurity is a national security issue that requires participation from all sectors, including government, citizens, and businesses,” said [insert name], head of the NSO. “Our strategy is designed to promote fair competition, raise awareness, balance rights with cybersecurity, foster a cybersecurity culture, and lead international cooperation in this critical area.”

Contact: jykim0110@president.go.kr Phone: 02-770-7393