Which group is legally bound by the general data protection regulation (GDPR)?

The correct choice identifies that any corporation that processes the personal data of EU citizens is legally bound by the General Data Protection Regulation (GDPR), irrespective of where the corporation is headquartered or where it conducts its business. This means that even if a company is based outside of the European Union, it must still comply with GDPR requirements if it handles or processes data related to individuals located in the EU.

This aspect of GDPR emphasizes its extraterritorial applicability, which is a significant point in the regulation. It extends the reach of EU data protection laws to organizations beyond its geographic boundaries, ensuring that the data rights of EU citizens are upheld regardless of where their personal data is being processed.

This principle reflects the EU's commitment to protecting personal data and privacy rights in a globalized digital environment, making companies globally accountable for their data protection practices if they engage with EU residents' data.