Kospo Urges Passage of Electronic Signature Act and Other 4th Industrial Revolution-Related Bills

[Asia Economy Reporter Buaeri] The startup industry urged the National Assembly on the 12th to pass the 4th Industrial Revolution-related bills.

The Korea Startup Forum (Kospo) demanded prompt discussions on the Electronic Signature Act, Software Promotion Act, and Framework Act on National Informatization through a statement released that morning.

Kospo stated, "On the 5th, the National Assembly's Science, Technology, Information and Broadcasting Committee approved 18 bills in a plenary session," adding, "However, if prompt discussions are not held through the Legislation and Judiciary Committee and the plenary session, there is a high risk that the bills will be automatically discarded."

On the 5th, the committee passed ▲ the amendment to the Electronic Signature Act (abolishing the public certificate and supporting blockchain utilization), ▲ the amendment to the Software Promotion Act (revitalizing the software industry and supporting education), ▲ the amendment to the Special Act on Promotion and Convergence of Information and Communications (fostering quantum information communication technology), ▲ the full amendment to the Framework Act on National Informatization (establishing a basis for AI industry and workforce policy support), and ▲ the amendment to the Act on the Establishment and Operation of Government-Funded Research Institutes in the Science and Technology Field.

They added, "These five bills significantly impact startup growth, and if they are discarded without passing during the 20th National Assembly, the golden time for startup growth may be missed," urging, "We ask both ruling and opposition parties to discuss non-contentious science and technology bills during the remaining term of the 20th National Assembly."

This content was produced with the assistance of AI translation services.