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Korean News: The government passes a revolutionary AI law
South Korea makes a strategic move into the digital future by initiating the world’s first comprehensive legislative package aimed at creating a transparent and secure artificial intelligence ecosystem. This decision reflects the country’s ambition to establish leadership in the technology sector while gaining the trust of consumers and investors through clear rules of the game.
Korea’s Innovative Approach to Technology Regulation
The main AI law sets a precedent in the global regulatory landscape. While the European Union is gradually rolling out its AI Act until 2027, and the United States adopts a more lenient, innovation-oriented approach, Seoul has chosen a path of comprehensive regulation. According to PANews, the law was developed with broad stakeholder participation and provides a tripartite balance between innovative development, public safety, and entrepreneurial freedom.
Penalties and Transition Period for Business Entities
A key feature of the new legislation is a lenient transition period of at least 12 months, giving companies time to bring their activities into compliance. After this period, authorities will be able to impose administrative fines for violations. The penalties are substantial: for example, lack of proper labeling of content generated by generative AI systems can cost violators up to 30 million Korean won, approximately $20,400 USD. This amount demonstrates regulators’ serious intent to ensure compliance with standards.
Risk of Excessive Caution in Response to Uncertainty
However, not all market participants welcome the new legislation with enthusiasm. Jeong Joo-yon, senior researcher at the Startup Alliance, warned that vague wording in some legal norms could provoke companies to adopt a conservative approach to innovation. Fearing regulatory risks and fines, companies might choose the safest but less innovative development trajectory. This creates a paradox: policies aimed at protection could unintentionally slow technological progress.
Korea’s AI legislation news is relevant not only for the country but also for the entire Asian region, which considers South Korea’s experience as a model for its own regulatory course.