Industry Concerns Over Regulatory Burden

The appeal reflects growing unease among Korean companies that the AI Basic Act, set to take effect, could impose compliance burdens on businesses developing and deploying AI services. Economic organizations have voiced the need for the law to be refined in ways that balance regulation with the promotion of AI industry growth.

The framework legislation, passed by the National Assembly, establishes the basic legal structure for AI governance in Korea, including provisions touching on high-impact AI and responsibilities for operators. Businesses and industry groups have argued that detailed implementation and ministerial guidance should avoid excessive regulation that could dampen investment in AI development.

Government Position

The Ministry of Science and ICT is the lead government body responsible for AI policy and for drafting subordinate statutes under the Basic Act. Companies including Samsung, SK hynix, Naver and Kakao are among Korea's major AI and semiconductor players with stakes in how the law's implementation rules are drawn up.

The calls from the economic community for the law to be "fixed" or refined indicate that the debate over Korea's AI regulatory framework remains active ahead of and during the Act's implementation phase.

Conclusion

The claim that Korea's economic community has urged the government to refine the AI Basic Act is true. Verdict: True