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ARTICLE · 14 JANUARY 2025

South Korea National Assembly Passes New AI Bill

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On December 26, 2024, South Korea's National Assembly passed the Basic Act on the Development of Artificial Intelligence and the Establishment of Trust (the "AI Basic Act"), a comprehensive bill regulating the development and use of artificial intelligence (AI).

United StatesTechnology
Steven Millendorf
Steven Millendorf
Mathew Cha
Mathew Cha
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On December 26, 2024, South Korea's National Assembly passed the Basic Act on the Development of Artificial Intelligence and the Establishment of Trust (the "AI Basic Act"), a comprehensive bill regulating the development and use of artificial intelligence (AI). The South Korean President has 15 days to veto the law (which expires January 10, 2025), but if no action is taken, this bill will become law.

The AI Basic Act requires the Ministry of Science, Technology, Information, and Communications (MSIT) to establish a three-year plan for the promotion of AI technology and related industries. The AI Basic Act also establishes a National AI Committee that will deliberate on matters concerning policy, investment, infrastructure, and regulations related to AI.

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