It is reported that the election of South Korea’s new president Lee Jae-myung signals a significant shift in AI policy, with the president’s policy focus areas being: (1) AI to be focus of industrial policies, with goal of becoming G3 in AI; (2) government’s role in fostering AI innovation to be intensified; (3) fiscal spending on AI to be increased beyond average of advanced countries, more than 100 trillion won in private-sector investment to be targeted, “AI highway” to connect data centers to be built across nation; (4) under “AI for All” initiative, government to invest substantial funds in developing world-class LLM optimised for South Korean context and make it freely available to all citizens; (5) regulatory barriers to be dismantled to spur AI development, adoption; and (6) access to be expanded to public datasets, national platform to be built for high quality training data to support AGI development.
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