Republic of Korea: Guideline on the Use of Artificial Intelligence in Financial Services
Progress
Current status
under deliberation
08 Jul 2021 under deliberation
Scope
Implementers
Republic of Korea
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
ML and AI development
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Adopted FSC Guideline on the Use of Artificial Intelligence in Financial Services
On 8 July 2021, the Financial Services Commission (FSC) announced a guideline on the use of artificial intelligence (AI) in financial services to enhance public trust in AI-based financial offerings and foster innovation in the financial industry. T…
Event type
order
Action type
announcement
Government branch
executive
Government body
other regulatory body