The AI law, regulation, and policy platform CODIT and the Korea Startup Forum (hereinafter referred to as KOSPO) announced that they signed a business agreement to strengthen startup policy capabilities. The agreement ceremony was held at Maru 360 in Seoul, and the two organizations plan to strengthen startups’ policy response capabilities and promote public discussion on key agendas.
Through this agreement, CodiT and Cospo will promote the following: △Regulatory and policy data sharing and analysis, △Joint research for regulatory innovation, △Joint hosting of policy seminars and forums, and △Cooperation with government, National Assembly, and expert networks. Through this, they plan to support startups to respond to policy changes quickly and accurately.
In particular, Codit supports Cospo members to utilize an AI-based customized policy monitoring platform. Through this, startups are expected to be able to systematically monitor major laws such as the Online Platform Act, Personal Information Protection Act, Labor Standards Act, AI Basic Act, and Electronic Commerce Act, as well as laws related to their companies, and proactively respond to changes in the regulatory environment.
Through this agreement, Jeong Ji-eun, CEO of CodiT, plans to analyze the legal and institutional difficulties of startups as the head of the CodiT’s Foreign Policy Division and actively support startups so that their opinions can be reflected in the legislative and policy promotion process. He said, “It is essential for startups to understand changing regulations and policies in real time to secure sustainable growth and competitiveness,” and “CodiT will provide this information quickly and efficiently as an AI and big data-based policy portal.”
Kospo Vice Chairman Gu Tae-eon said, “Startups need to understand and respond to policy changes in real time throughout the entire process from the early stages of establishment to attracting investment, but they have had difficulties due to the rapid pace of regulatory changes and low accessibility.” He added, “Through this agreement, we will support Kospo member companies to effectively manage regulatory risks and become competitive in the global market.”
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