South Korea approves revised enforcement decree for Basic AI Act
( July 14, 2026, 05:36 GMT | Official Statement) -- MLex Summary: South Korea approved on Tuesday a revised enforcement decree for the Basic AI Act, prepared following a partial amendment to the law that is due to take effect on July 21. The revised decree sets out the scope of artificial intelligence products and services to receive priority consideration in public procurement, defines AI-vulnerable groups and eligible beneficiaries for support for AI products and services, provides for support for AI startups through the government-backed venture capital fund and establishes the framework for the creation and operation of AI research institutes, the Ministry of Science and ICT said.Statement is attached (in Korean)....
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