[Yonhap News] South Korean Government: 'No Plans for Independent AI Regulator, Focusing on Basic Law'

On September 24, 2024, Yonhap News reported on Lee & Ko attorney Ko Hwan Kyoung's participation in the National Assembly's Science, Technology, Information Broadcasting, and Communications Committee public hearing on the 'Artificial Intelligence (AI) Basic Law'. Attorney Ko stated, "In a situation where we need to apply rapidly developing AI technology in the field and incorporate it into existing services and products to secure global competitiveness, a strong regulatory framework makes it difficult to prepare for competition or timely address risks associated with the technology."