Overview
- The government and the Democratic Party agreed on an AI Transformation agenda to speed the use of artificial intelligence across private industry and public services.
- The plan prioritizes wider access to government data, with the ruling party preparing legislation to expand public data availability.
- Officials committed to easing excessive penalties and aligning regulations with global standards, including rules related to breach of trust, and the DP will form a task force to rationalize regulations.
- The government will designate flagship projects in emerging sectors and provide package support that combines financing, tax benefits and R&D resources.
- Leaders will seek to raise the special budget for regional balanced development to more than 10 trillion won to bolster local tourism and economic activity.