ARTICLE · 30 JANUARY 2017

ICT Sector Government Policy Changes For 2017

Yulchon LLC

Explore more from Yulchon LLC

Korea's key ICT-related agencies, the Ministry of Science, ICT and Future Planning, and the Korea Communications Commission, have adopted as a top priority plans to foster new industries in response to the Fourth Industrial Revolution.

South KoreaTechnology

Seung Hyuck Han

Sun Hee Kim

Korea's key ICT-related agencies, the Ministry of Science, ICT and Future Planning, and the Korea Communications Commission, have adopted as a top priority plans to foster new industries in response to the Fourth Industrial Revolution.

1. Ministry of Science, ICT and Future Planning

The Ministry of Science, ICT and Future Planning announced their 2017 goal as "leading the development of an information society through science, technology, and ICT innovation." To achieve its goal, the Ministry announced the following four strategies: (1) consolidation of the startup ecosystem; (2) strengthening of R&D capabilities; (3) creation of new industries and services through integration and innovation; and (4) intelligent informatization to preemptively address the coming challenges of the Fourth Industrial Revolution.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

South Korea's New AI Basic Act: What US Companies Need To Know

South KoreaTechnology

South Korean Ministry Of Science And ICT Issues Package Of Regulations To Supplement AI Framework Act

South KoreaTechnology

Baker Botts L.L.P.

A Closer Look At Korea's Foundational AI Act: The Presidential Decree Clarifies A Path For Regulation And Innovation

South KoreaTechnology

Stablecoins And The Foreign Exchange Transactions Act

South KoreaTechnology

중대한 것으로 판단되는 사이버 보안 사건 및 기타 사이버 보안 사건의 공개

South KoreaTechnology

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Blockchain & Crypto Assets

Comparative Guide

Artificial Intelligence

Comparative Guide

Fintech

See more popular content from

Technology

South Korea's New AI Basic Act: What US Companies Need To Know

On Jan. 22, South Korea's AI Basic Act came into force, establishing one of the world's most comprehensive frameworks for artificial intelligence. For U.S.

South KoreaTechnology

Stablecoins And The Foreign Exchange Transactions Act

Under Korea's Foreign Exchange Transactions Act, cross-border payments with dollar stablecoins are currently illegal. However, with their use expected to surge, the law may be revised to allow such transactions as a prior-reporting exception, limited to licensed operators.

South KoreaTechnology

South Korean Ministry Of Science And ICT Issues Package Of Regulations To Supplement AI Framework Act

These drafts are intended to operationalize the Act—which was passed on December 26, 2024 and scheduled to take effect on January 22, 2026—so that core duties and procedures are in place in advance of the effective date.

South KoreaTechnology

Baker Botts L.L.P.

A Closer Look At Korea's Foundational AI Act: The Presidential Decree Clarifies A Path For Regulation And Innovation

In advance of South Korea's first AI Act taking effect in January 2026, a recently published draft presidential decree has clarified the regulatory framework, resolving some initial uncertainties. The law seeks to balance innovation and safety, with the government explicitly stating its commitment to a "minimum regulation" approach.

South KoreaTechnology

중대한 것으로 판단되는 사이버 보안 사건 및 기타 사이버 보안 사건의 공개

미국 SEC의 기업재무부서 디렉터인 에릭 게르딩(Erik Gerding)은 최근 Form 8-K의 Item 1.05와 관련된 두 가지 지침 성명을 발표했습니다. 이 항목은 지난해 SEC에 의해 채택되었으&#

South KoreaTechnology

Summary Of Regulatory Reform Plan Of AI, VR And Fintech

On February 16, 2017, the "MSIP" announced a regulatory reform plan in the areas of artificial intelligence ("AI"), Virtual Reality ("VR") and Fintech (the "Regulatory Reform Plan").

South KoreaTechnology

South Korean Cryptocurrency Exchange Hacked (Again)

As part of our Year in Preview series, we've recently covered both international cyberwar and the rise of cryptocurrency.

South KoreaTechnology

Korea's Biggest Credit Card Firm Wins Patent For Blockchain Credit System

The word "Blockchain" is one of the most trending buzzwords of this decade. Everyone is talking about it.

South KoreaTechnology

Khurana & Khurana, Advocates and IP Attorneys