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South Korea's President Yoon Suk-yeol announces a 20% AI tax
7 articles |
Updated 6h ago |
Created 16h ago
In an emergency meeting with cabinet ministers on March 18 at the Blue House in Seoul, President Yoon announced plans to impose taxes worth approximately $35 billion (about KRW47 trillion) over two years targeting companies that do not adopt AI technologies effectively or fail their new compliance standards by October.
Key Points
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1[Mar.18] President Yoon Suk-yeol announced a new AI policy framework to address the rapid development of artificial intelligence.
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2The administration aims for South Korea's digital economy and society by leveraging advanced technology, including generative models like ChatGPT.
Developments
[Mar.18] (09:25)
"AI Policy Framework" announced to address rapid AI development; focus on digital economy and society advancement via advanced technology including generative models like ChatGPT.
[Mar 17, ~Day]
(Note: All provided articles are dated Mar.20 or earlier in the context of a 'new' policy announcement on March 18th)