2024.03.22
AMCHAM presses Korea for forward-thinking AI regulations
BY PARK EUN-JEE,
Korea JoongAng Daily - The American Chamber of Commerce in Korea (AMCHAM)
brought AI and regulation specialists from major tech companies together with
top policymakers to discuss how oversight of the relatively new technology
should take shape in Korea in a forum on Thursday.
The establishment of
a legal framework for the use of generative AI has been at the forefront of
policy debates around the world as the technology penetrates a broad range of
areas.
“We are witnessing a
global embrace of generative AI and machine learning as businesses increasingly
leverage these technologies to secure a prosperous future and stay competitive
in the market,” said AMCHAM Chairman & CEO James Kim in his opening remarks
for the AI Accelerate Summit 2024, which was held at the Conrad Seoul Hotel.
“Given Korea’s
expanding global influence, we believe that now is the best time for Korea to
position itself as a regional innovation hub in the Asia Pacific,” he said.
The government has
allocated around 700 billion won ($528 million) to support the wider use of
advanced AI systems.
“To secure
world-class AI technology and foster global talent, we will launch new
international joint research and cooperation in the field of AI and data and
spend a total of 700 billion won to expand the use of AI in everyday life,
industrial sites and public administration,” said Yeol Um, the artificial
intelligence-based policy officer of the Ministry of Science and ICT.
Also present were AI
and regulation specialists from IBM, LG CNS and GR Korea.