Gov't to ramp up policy efforts to infuse firms, public sector with AI
Government officials and lawmakers of the ruling Democratic Party of Korea pose before holding their policy consultations at the National Assembly in Seoul, Wednesday. Yonhap
The government and the ruling Democratic Party of Korea (DPK) agreed Wednesday to ramp up their policy efforts to infuse private firms, the public sector as well as all sectors of society with artificial intelligence (AI) technology.
Under the so-called AI Transformation initiative, the government and the DPK plan to promote the opening of public data, according to Rep. Han Jeoung-ae, the DPK's top policymaker.
During their policy consultations, the two sides also decided to ease excessive penalties, including regulations that do not meet global standards and those related to breach of trust.
The government said it will designate key projects in emerging industries and provide package support covering finance, tax benefits and R&D resources. The DPK will back the effort with legislation to expand access to public data.
The DPK plans to set up its own task force to "rationalize" regulations, according to Han.
The two sides will also push to expand the special budget for regional balanced development to more than 10 trillion won to boost regional tourism.
Since his inauguration in June, President Lee Jae Myung has emphasized his goal to place Korea as one of the world's top three artificial intelligence powerhouses.