This paper reviews from various critical viewpoints on the “Framework Act on the Promotion of Data Production, Transaction and Utilization” (hereinafter referred to as the 'Data Framework Act'), which was proposed by Representative Cho Seung-rae on December 8, 2020. This article reviews the adequacy and feasibility of the bill. The enactment bill contains provisions for ‘protection of data assets’ and is referred to as the so-called ‘Data Framework Act’ enactment, which has the characteristics of a basic law in terms of data utilization and a private data regulation law that is no different from the legislative blank area. This paper reviews the legislation from the following five perspectives. This paper examines the enactment from the following five perspectives. First, we will examine the phase and legal nature of this bill to see if it has the correct system to fulfill its role as the so-called ‘Data Framework Act’ In light of the legislative model of the ordinary basic law, consider whether it has the function of appropriately preparing and comprehensively adjusting the legal system as the basic data law and the promotion system of policy support. We also examined whether data protection and utilization were harmonized, and the diverse interests of data ecosystems and data economic participants were fully considered in the essential discipline. Second, the ‘Framework Act’ needs to be examined from the perspective of "national data governance". Does this bill adequately reflect the needs and requirements of national data governance? In particular, we examined whether we tried to coordinate functions with the current decentralized ministries and systematize the basic principles of data governance, which acts as a new control tower. Third. There is also a critical review of the disagreements on the main issues covered by the bill. Fourth, we examined related laws and systems, conflicts with other rights, and possession of incapacity. Fifth, we examined the setting of the relationship with the adjacent basic law and the differentiation of the basic plan in the dimension of creating an integrated and systematic legal system.