Trade group for top South Korean firms calls for amendments to AI Basic Act
( October 29, 2026, 02:02 GMT | Official Statement) -- MLex Summary: The interest group representing large South Korean enterprises said Thursday it has recommended that the government revise the AI Basic Act to remove as much uncertainty as possible for its members, who have faced uncertainty since the law went into force in January. The Federation of Korean Industries said it has submitted 19 recommendations for amendments intended to clarify which entities are regulated and the scope of application; streamline artificial intelligence disclosure and labeling requirements; specify rules for high-performance and high-impact AI; refine standards for the use of training data; and ensure predictability in any expansion of regulation.The statement is attached (in Korean)....
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