South Korea Unveils World’s First ‘AI Basic Act’, Overtakes Europe; Startups Voice Concerns
South Korea has moved ahead of the European Union to introduce the world’s first comprehensive Artificial Intelligence law, the AI Basic Act, marking a major milestone in global tech regulation. While the government has projected the move as a step toward becoming one of the world’s top three AI powerhouses, the announcement has triggered unease and resistance among local startups, who fear the law could slow innovation.
The development places South Korea ahead of the European Union’s AI Act, which is expected to come into force in 2027. According to a report by news agency Reuters, the Korean government aims to balance rapid AI development with safeguards against misuse and systemic risks.
What Is the AI Basic Act?
Under the new legislation, companies using AI in high-risk and cr...









