CODIT

CODIT app is here to simplify policy monitoring with the speed and clarity needed to navigate today’s complex regulatory landscape: 🔹Tailored updates on bills, policies, and regulations—all in one dashboard 🔹Real-time alerts to track key issues as they unfold 🔹AI-powered English translations for seamless global communication Download on Apple App Store https://lnkd.in/d6bNcdFc Download on Google Play Store https://lnkd.in/dFWRarFv Experience CODIT’s efficiency—designed to keep you informed and in control!

🌏 Last Friday, CODIT had the privilege of participating in the 12th Asian Legislative Experts Symposium (ALES) in Seoul—a landmark gathering of high-level officials and policy experts from across Asia. Held at Glad Hotel Yeouido, the event drew prominent figures such as Cambodia’s Deputy Prime Minister Vongsey Vissoth, Thailand’s Minister to the Prime Minister’s Office Pakorn Nilprapunt, Vietnam’s Vice Minister of Justice Nguyen Khanh Ngoc, and Singapore's Chief Operating·Financial Officer of Singapore Academy of Law Paul N.. This powerhouse lineup underscores the urgency of strengthening AI and legal tech collaborations for shared solutions in policy and regulation. As a leading AI policy platform, CODIT was invited to present in the session on collaborative AI solutions for public services. Our CEO, Ji Eun Chung, shared CODIT’s vision for advancing public sector efficiencies. Through real-time AI-driven data collection and tailored policy insights, CODIT empowers public organizations to streamline processes, save costs, and enhance decision-making accuracy🧑⚖️💡 Looking to the future: CODIT is going to integrate Large Language Model (LLM) technology, enabling comprehensive analyses across legislative frameworks and automated policy report generation. Our global vision includes expanding this powerful platform to serve governments and enterprises in Asia, the U.S., the EU, and beyond. Thank you to ALES and the esteemed participants for making this event a remarkable forum for collaboration and innovation. CODIT remains committed to pioneering legal tech solutions that drive efficiency, transparency, and connectivity in policy management! 📰 PRESS https://lnkd.in/eRFyp9R2 🎥 Watch the Highlights ▶ https://lnkd.in/ez8EqCyp #RegTech #PolicyInnovation #AI #LegalTech #GlobalCollaboration #PublicSector #Asia

🚀 CODIT will be presenting at the12th Asian Legislative Experts Symposium (ALES) on November 1, hosted by the Ministry of Government Legislation and the Korea Legislation Research Institute at GLAD Yeouido. This year’s theme, “Law Encounters AI: Cooperation Measures for Advancing Legal Tech in Asia”, will gather policymakers, researchers, and industry leaders across Asia to discuss regulatory and legislative innovations and cooperation in Legal Tech. Representing Korea’s Legal Tech sector, our CEO Ji-eun Chung will lead a discussion in Session 2: Public Services and Cooperation Measures for Legal Tech in Asia with the topic, “AI-powered Legislative Services for the Public Sector: What’s Possible?” Key officials, including Lee Wan-kyu, Minister of Government Legislation, as well as high-ranking representatives from Cambodia, Thailand, Vietnam, Singapore, Mongolia, and Uzbekistan, will attend, creating a unique platform for regional collaboration. We’re thrilled to contribute to this forward-looking dialogue, explore AI-powered legislative solutions, and foster meaningful connections to support the future of Legal Tech in Asia. Stay tuned for updates from the event! #CODIT #LegalTech #Innovation #MinistryofGovernmentLegislation #AsianLegislativeExpertsSymposium #ALES #FutureOfLaw

국내 최초 AI 법·규제·정책 플랫폼 코딧이 "코딧 모바일 앱📱"을 출시했습니다! 기존에 PC에서 이용하는 모든 기능(△뉴스 △국회 및 정부 보도자료 △의안 및 법령 △국회일정 △국회의원 프로필 △국회 회의록 등)이 앱에 최적화되어, 언제 어디서나 손쉽게 우리 기업과 관련된 규제·정책을 모니터링할 수 있습니다. 지금 바로 다운로드하셔서, 실시간으로 변화하는 정책 및 규제를 앱에서 모니터링하세요! 📌 애플 앱스토어 다운로드 https://lnkd.in/e4hYsgRP 📌 구글 플레이스토어 다운로드 https://lnkd.in/ewn54RKk 💌 코딧 업데이트 뉴스레터 11호 보러가기 https://stib.ee/zApE ▲코딧 모바일 앱 출시 ▲국정감사 및 기자회견 일정 추가 ▲데일리 모니터링 리포트에 키워드 하이라이트 추가

The 2024 Science, ICT, Broadcasting, and Communications Committee Audit has raised critical questions for businesses. This year’s inquiry extended beyond network fees and telecom pricing, delving into the monopolistic practices of tech giants, global R&D spending, and AI governance. The audit emphasized the importance of corporate accountability, technological advancement, and fair market practices. 🚀 Stay ahead with CODIT, Korea’s leading Government Affairs and Regulation Technology company. Our in-depth analysis provides essential insights to help you navigate these developments and optimize your business strategies and operations. Read our full post and prepare for what’s next: https://lnkd.in/e_hr7cS4 #GovernmentAffairs #Korea #AuditInsights #BigTech #Innovation #AI #Telecom #CorporateGovernance #MarketRegulation

During the October 10 and 11 audit session of the Strategy and Finance Committee, concerns about the government's economic management, particularly its inaccurate forecasts leading to significant tax revenue shortfalls, were raised. These issues could result in future tax policy adjustments, potentially increasing financial pressures on corporations. Deputy Prime Minister Choi Sang-mok acknowledged the need for improved fiscal management due to unexpected declines in exports and corporate growth. Additionally, scrutiny over government-backed financial support for international projects, such as the Czech nuclear power bid, raised questions about transparency and possible policy shifts. Companies involved in global ventures should remain alert, as these changes could impact international funding, expansion plans, and overall business strategies. As these developments directly affect corporate taxation and overall economic stability, CODIT’s latest audit issue paper offers essential insights for businesses and key stakeholders in finance and strategy. Here’s what you need to know: [Strategy and Finance Committee] 1️⃣ Revenue Shortfall and Economic Mismanagement: National Assembly members criticized the government's economic oversight, particularly its overly optimistic macroeconomic outlook, which has led to a significant tax revenue shortfall for the second consecutive year. This shortfall raises concerns about fiscal sustainability and the potential financial burden on local governments. 2️⃣ Scrutiny on Financial Support for International Projects: The investigation into potential financial backing for the Czech nuclear power project has sparked debate. National Assembly members are questioning whether the government overstepped by promising financial backing, raising concerns about transparency and the broader implications of using public funds for international ventures. 3️⃣ Implications for Global Companies: The National Assembly Audit summoned Google Korea’s CEO, Nancy Mable Walker, over tax avoidance allegations, as the company paid only ₩15.5 billion in taxes on ₩12.1 trillion in revenue. National Assembly members, including Chung Il-young and Choi Ki-sang, are investigating these practices. On Oct 11, Rep. Park Sung-hoon highlighted similar revenue-shifting by Airbnb and announced plans to amend the VAT Act to require foreign platforms to submit transaction data. Deputy Prime Minister Choi Sang-mok supports reallocating tax rights for digital firms. Global companies should prepare for tighter regulations and increased scrutiny on profit-shifting. Stay ahead of these developments—explore our detailed analysis to understand how these issues could affect your operations and strategy. Learn More: https://lnkd.in/eUEVsrCz #NationalAssemblyAudit #NationalAssemblyAudit2024 #StrategyandFinanceCommittee #TaxReform #EconomicManagement #CorporateTax #GovernmentOversight #AuditInsights

🚀 We’re beyond proud to share that CODIT has received the prestigious Seoul Mayor's Award from Oh Se-hoon, recognizing our strides in regulatory technology! This award is a testament to our ongoing mission of revolutionizing risk management through real-time AI-driven alerts and comprehensive policy insights. Our team's commitment to precision and speed has enabled CODIT to provide timely, tailored solutions that cover strategy, stakeholder engagement, advocacy, and much more—allowing our clients to stay ahead of evolving regulations. And the journey doesn’t stop here! With the launch of CODIT Japan, we’re expanding our global footprint, now supporting businesses in Korea, Japan, the US, and beyond🌍 Thank you, ZDNET Korea, for covering this exciting news! Check it out here: https://lnkd.in/ejJpTXHN #Innovation #RegTech #AI #BigData #GovernmentAffairs #PolicyMonitoring #Compliance #StakeholderEngagement #GlobalExpansion

🚨 Exciting News! ZDNet has featured our latest issue paper, "Surviving the 22nd National Assembly Audit: Must-Have Corporate Strategies." This paper provides essential insights for foreign companies to navigate key issues during the 22nd National Assembly’s first audit, covering standing committees, such as Science, ICT, Broadcasting, and Communications, National Policy Committee, Health and Welfare Committee, and Strategy and Finance Committee. At CODIT, we not only help businesses stay audit-ready but also provide valuable insights to turn key risks into opportunities. Check out the ZDNet feature to learn more! 💼 https://lnkd.in/eKsbcTsh #ZDNetFeature #NationalAssemblyAudit #CorporateStrategy #ForeignCompanies #CODIT #AuditPreparation #ParliamentaryAudit

Yesterday (Oct 7), the 1st National Assembly Audit began, sparking significant debate. One of the most noteworthy moments occurred during the Science, ICT, Broadcasting, and Communications Committee audit, when the unexpected witness, Lee Jin-sook, joined mid-session. Today, the audit continues with a focus on the Ministry of Science and ICT. Amidst this uncertainty, it’s clear that the Committee must be equipped with effective strategies moving forward. At CODIT, we have analyzed the key issues raised during this session and provided valuable insights. Here’s what you need to know: [Science, ICT, Broadcasting, and Communications Committee] This committee has the highest number of first-time elected members, many eager to make a strong impression. Several of these newcomers are supported by aides with experience working for former committee members, adding an insider’s edge. The committee has summoned a record 182 individuals—127 witnesses and 21 reference witnesses—to address issues such as broadcasting, telecom pricing, accountability of global tech companies. 1️⃣ Broadcasting Issues Dominate the Agenda: The first session will address contentious debates around the appointment of public broadcasting executives and the legality of the KCC’s current two-member structure, which has been a flashpoint between ruling and opposition parties. 2️⃣ Repeal of the Telecom Subsidy Law: The government's plan to repeal the 2014 law aimed at reducing telecom costs, which failed to pass last year. The law is being revisited due to concerns about regulatory overlap and ineffectiveness. 3️⃣ AI Governance and Deepfake Regulation: Rising concerns over deepfake crimes will drive discussions on establishing a Basic AI Act. This act aims to regulate the misuse of AI, promote industry growth, and ensure South Korea stays aligned with global AI governance efforts. 4️⃣ Portal News Fairness and Global Tech Accountability: The fairness of news algorithms on platforms(Naver, Kakao) will be scrutinized. Additionally, global tech companies like Meta are expected to face questions over their compliance with Korea’s domestic representative requirements and Google, will face scrutiny regarding content moderation, in-app payments, and platform accountability. 5️⃣ KT Shareholder Change, YTN Privatization, and Network Fees: Other key issues include KT’s shareholder restructuring, the privatization of YTN, and the ongoing debate over network usage fees, with telecom companies pushing for platform providers to contribute more toward maintaining infrastructure costs. Read More https://lnkd.in/eUEVsrCz #NationalAssemblyAudit #ParliamentaryAudit2024 #Science #ICT #Broadcasting #AI #Telecom #PortalNews #TechAccountability #NetworkUsageFee #GovernmentOversight #GlobalTech

On October 7th, the newly elected 22nd National Assembly of South Korea will commence its first audit, marking a crucial moment that will influence the country’s legislative and regulatory direction for the next four years. The decision to summon corporate witnesses varies significantly across committees, heavily influenced by their chairs and vice chairs. The Science, ICT, Broadcasting, and Communications Committee stands out for summoning the largest number of witnesses, driven in part by many first-term National Assembly members eager to make their mark. This is expected to lead to more aggressive questioning, posing added challenges for companies. Both ruling and opposition parties tend to agree on summoning global companies, reflecting South Korea’s protective regulatory stance. However, critics argue that these audits can sometimes become forms of harassment, with companies being repeatedly summoned and issues revisited without producing substantive outcomes. CODIT offers real-time monitoring of the audit process through its platform, providing insights into key issues and stakeholders. With stakeholder mapping and summary reports on audit outcomes, CODIT helps businesses understand who is driving critical discussions and what it means for your company. Read More https://lnkd.in/eUEVsrCz #AuditStrategy #NationalAssemblyAudit #RegulatoryInsights #AIRegulation #BroadcastingPolicy #Telecom #BusinessCompliance #CODIT