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Group of top South Korean firms calls for more incentives to foster AI development

( October 17, 2025, 02:08 GMT | Official Statement) -- MLex Summary: The Federation of Korean Industries has called for broader tax and administrative measures to help expand artificial intelligence capabilities led by the private sector. The trade group, which represents more than 460 leaders across major business sectors, submitted 23 policy recommendations for AI industry development to the National AI Strategy Committee during a meeting between the two organizations on Friday. At the meeting, it urged the government to provide additional tax and administrative incentives for AI infrastructure development and to clearly adopt an “allow first, regulate later” principle.The statement, in Korean, is attached....

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