#SouthKoreaCryptoPolicy South Korea ranked second in the Bloomberg Innovation Nations Index of 2020. Innovation is directly linked to its economy, culture, and values, making it no surprise that the country has established itself as the second jurisdiction in the world, after the European Union, to enact, in January of this year, its Basic Act on Artificial Intelligence (AI Basic Act), considered a comprehensive milestone in the regulation of Artificial Intelligence (AI), which gathered proposals from different parties and organizations for approval in the National Assembly.