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South Korea develops standard contracts on data trading, eyeing AI sector

( October 31, 2024, 05:21 GMT | Official Statement) -- MLex Summary: South Korea’s science ministry has developed standard-contract forms for data-trading businesses to promote fair and reasonable data transactions, recognizing the growing importance of high-quality data in the artificial intelligence sector. The Ministry of Science and ICT said it has begun distributing these forms for four different types of transactions, along with an explanatory guide, as stipulated in the Framework Act on the Promotion of the Data Industry and Data Utilization.The statements, in Korean, are attached....

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