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South Korea AI law passes parliament, seen taking effect by early 2026

By Choonsik Yoo ( December 26, 2024, 08:37 GMT | Insight) -- South Korea’s parliament overwhelmingly approved the framework act on artificial intelligence today, making the country the first major player after the EU to enact an overarching law as a strategy to address issues related to AI-driven transformation. The country has repeatedly said that its AI strategy is to prioritize innovation and promotion of industries while avoiding restrictive and prescriptive regulation on expected risk factors. The law is now expected to take effect in early 2026, one year after receiving cabinet approval, likely in early January 2025.South Korea’s parliament overwhelmingly approved the framework act on artificial intelligence today, making the country the first major player after the EU to enact an overarching law as a strategy to address issues related to AI-driven transformation....

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