Busan City Promotes Designation as 'Marine Mobility Regulatory Free Zone'

Tethered Multicopter

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] Busan City announced on the 28th that it will begin reviewing and collecting opinions on the plan related to the Marine Mobility Regulatory Sandbox project to be submitted to the Ministry of SMEs and Startups.

The Regulatory Sandbox refers to a specific zone where regulations are relaxed to test new technologies, and it is established in 14 cities and provinces excluding the metropolitan area.

The projects included in the Busan Marine Mobility Regulatory Sandbox plan are two: commercialization of small and medium-sized ship LPG propulsion systems and practical application of leisure manned multicopters.

Through regulatory relaxation, Busan City plans to respond to changes in the domestic and international ship markets following the implementation of the Eco-friendly Ship Act and to create an opportunity to take the lead in manned multicopter technology.

The city will hold a public hearing on the 14th of next month to gather opinions from experts, companies, and citizens, then supplement the plan after consulting with the regional innovation council.

A city official said, "2020 marks the 20th anniversary of Busan City declaring itself the Northeast Asia Maritime Capital, and with the designation of the Marine Mobility Regulatory Sandbox in June, we will lay the foundation for the development of new maritime industries," adding, "Following the Busan Blockchain Regulatory Sandbox, the selection of the second sandbox will strengthen the status of the Northeast Asia Maritime Capital."

Busan City plans to apply for the sandbox designation to the Ministry of SMEs and Startups by reflecting various opinions gathered from residents.

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