Page 84 - U4SSC Case study Daegu, Korea (Republic of), February 2022

Policy recommendation 2
Topic

Health
Rationale
The COVID-19 pandemic is a public health emergency occurring on an unprecedented scale. During
the first wave of the pandemic, governments across the world introduced new digital contact tracing
systems to detect and contain the spread of the virus.
The Republic of Korea has also faced a wave of infections related to COVID-19. However, the country
has managed to keep the number of severely ill cases under control through contract tracing and
steadily rising vaccination rates.
Existing Legislation (if any)
INFECTIOUS DISEASE CONTROL AND PREVENTION ACT (AMENDED)
Recommendation

The city could consider including privacy-compatible proximity tracing apps to utilize collected data
beyond proximity tracing alone, in order to offer users more granular information about risks in specific
locations and to collect data relating to isolation measures, available hospital beds and COVID-19
treatment, along with precautions and the appropriate oversight of individuals breaking quarantine
rules.
With the vaccination drive in the city, Daegu can also include a feature for digital vaccination certificates
in existing contact tracing apps to ensure that all COVID-management-related information is available
on one platform for easy access by its inhabitants.

Policy recommendation 3
Topic
Finance
Rationale
Digital finance systems can play an important role in supporting SMEs in the Republic of Korea. The
country already has a rich history of bolstering technological advancements through the work of its
local businesses. Having a sound digital finance system can provide the local businesses with access to
financing and electronic payment systems, and secure financial products.
Additionally, delivering financial services through digital platforms, including via cryptocurrencies, can
serve as a catalyst for the provision of credit, insurance and financial education. Such a system can also
pave the way for phasing out unreported transactions, recognizing non-performing assets and setting
the basis for the launch of regulated digital currencies in the country.
Existing Legislation (if any)

ACT ON REPORTING AND USING SPECIFIED FINANCIAL TRANSACTION INFORMATION

66 U4SSC Case study | Daegu, Korea (Republic of) | February 2022