Government vows support for AI-driven service industry growth

The Finance Ministry vowed Monday to accelerate adoption of artificial intelligence technologies and revamp regulations in the service sector.

Finance Minister Koo Yun-cheol discussed the measures with relevant ministries at a meeting held at a hotel in Seoul.

The service industry accounts for 60 percent of the country’s gross domestic product. “Currently, the service industry is facing a major transformation driven by AI,” Koo said.

The government plans to prepare measures allowing AI agents to be tested throughout the entire shopping process to secure an early foothold in the AI agentic commerce market. It will also support new mobility services such as urban air mobility and AI-based autonomous driving, and apply AI technologies to public services including tax payment and administrative services.

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President Lee Jae Myung pledges to make Chungcheong an AI innovation hub with investments from major tech companies.
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Lee vows to turn Chungcheong region into center of AI-led innovation

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President Lee Jae Myung pledged on July 2 to transform the Chungcheong region into a global hub for artificial intelligence innovation. Companies including Samsung Group and SK hynix announced a combined 392 trillion won investment.

The government has urged transport firms to guard against AI misuse during a meeting with operators from six infrastructure sectors.

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Lee Eog-weon, chairman of the Financial Services Commission (FSC), said on Wednesday that his agency will take bold steps to help the financial sector develop innovative services. Support will focus on artificial intelligence (AI), data and young entrepreneurs, with unnecessary regulations to be drastically removed.

President Lee Jae-myung met Demis Hassabis, co-founder and CEO of Google DeepMind, in Seoul on April 27 to discuss the responsible use of artificial intelligence and global partnerships. They shared views that AI could powerfully address global challenges like low growth, climate crisis, and health care, while posing risks such as abuse in warfare or deepening inequality. The government partnered with DeepMind under its K-Moonshot initiative for AI-led science innovation.

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