Korea Passes Groundbreaking Basic Act on Artificial Intelligence
The Ministry of Science and ICT has announced that the Basic Act on the Advancement of Artificial Intelligence and the Establishment of a Trust-Based Framework was approved during the National Assembly's plenary session on December 26. This legislation represents a critical milestone in Korea's efforts to lead the global AI industry while ensuring safety and trust. What Does the Basic Act Cover? 🔹 National AI Development Plan Every three years, the Minister of Science and ICT will work with relevant ministries and local governments to develop and implement a National AI Master Plan, aimed at strengthening Korea’s AI competitiveness. 🔹 Support for AI Industry Growth To foster the AI ecosystem, the Act sets a framework for government support in: Research and development (R&D) Establishing standards Creating training data policies Promoting the adoption and utilization of AI technologies 🔹 Safety and Regulation for Advanced AI Recognizing the potential risks of high-impact ...