This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

South Korean bill to boost state support for AI development passes key panel

By Choonsik Yoo ( July 22, 2025, 02:52 GMT | Insight) -- South Korea’s parliament has advanced a bill to raise the Korea Development Bank’s capital ceiling by 50 percent, enabling greater financial support for the artificial intelligence sector and other strategic industries. The bill also lays the groundwork for a 50 trillion won AI-focused fund, aligning with President Lee Jae Myung’s push to boost state financial support for the promotion of innovation amid increasing global competition.A bill to significantly increase the paid-in capital of South Korea’s top state-run policy bank has passed a key parliamentary subcommittee, paving the way for the government to help mobilize large-scale public and private investment to support the artificial intelligence sector....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections