Europeans benefit from strong protection under Korean law when their data is transferred to the Republic of Korea, including through the additional safeguards that were agreed as part of the adequacy dialogue. The adequacy has a broad scope of application, covering both commercial operators and the public sector. It not only supports European business operators transferring personal data to the Republic of Korea as part of their commercial operations, but also facilitates regulatory cooperation between European and Korean public authorities. The adequacy decision also complements the Free Trade Agreement (FTA) between the European Union and the Republic of Korea that entered into force in July 2011. The trade agreement has led to a considerable rise in bilateral trade of goods and services. The adequacy decision will support this trade relationship worth nearly €90 billion a year.