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Search results for Jan. 22

AI & Enterprise

MSIT to seek public comment on revised AI Framework Act enforcement decree

South Korea\'s Ministry of Science and ICT said on May 21 it will seek public comment from that day on a draft revision to the enforcement decree for the Artificial Intelligence Framework Act, ahead of the law\'s July implementation. The draft defines the scope of AI-vulnerable groups and sets rules for prioritising AI products and services in public procurement, including liability exemptions. It also expands eligibility for cost support, specifies procedures for using a venture fund for AI startups, and sets requirements for AI research institutes.

AI & Enterprise

Parliament moves to tighten AI watermark rules, targeting distribution and tampering

South Korea\'s parliament is moving to strengthen rules on AI-generated content watermarks, with lawmakers proposing amendments to the AI Basic Act and the Information and Communications Network Act. The bills would specify how watermarks must be embedded and introduce penalties for tampering, including fines of up to 20 million won and administrative fines of up to 10 million won. The push reflects regulatory gaps in distribution and growing concerns over deepfake abuse.

Finance

KOSPI breaks 7,000 for first time, reclaims 3,000 after 11 months

South Korea\'s benchmark KOSPI rose above 7,000 for the first time shortly after the market opened on Tuesday, supported by strength on Wall Street, momentum in AI semiconductors and improved foreign flows. The index opened at 7,093.01, extending a rapid climb since it regained the 3,000 level in June 2025. Semiconductors led the rally, while policy expectations also supported gains. Analysts flagged risks of short-term profit-taking and volatility.