Bucheon-si Gains Momentum in 'Smart City Challenge' with Designation as Smart Regulation Innovation Zone

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province has gained momentum for the 'Smart City Challenge Project' through its designation as a Smart Regulatory Innovation Zone.

On the 10th, the city announced that at the 1st Regulatory Sandbox Review of the National Smart City Committee held on the 8th, Bucheon City was approved as an innovation zone and will receive regulatory exemptions for up to six years for the Smart City Challenge Project.

The Smart Regulatory Innovation Zone is an area where smart innovation projects or smart demonstration projects can be implemented through regulatory exemptions to solve urban problems and foster innovative industries.

In May, the city applied for designation as a Smart Regulatory Innovation Zone to advance the Smart City Challenge Project by creating innovative technologies and services and establishing a foundation for growth and diffusion.

Additionally, upon designation of the zone and receiving demonstration exemptions, Bucheon City and companies participating in the Smart City Challenge are expected to respond to the current government's digital divide resolution and digital inclusion policies, providing citizens with convenient data usage environments in their daily lives.

The Smart City Challenge Project is a Ministry of Land, Infrastructure and Transport public contest project where citizens, companies, and local governments collaborate to find solutions to urban problems using smart technologies and solutions.

Bucheon City will promote the project titled "Building a Smart City Created and Enjoyed by Residents through a Sharing Economy Platform," which was selected in the February contest, until 2022.

Jang Deokcheon, Mayor of Bucheon City, stated, "When promoting the Smart City Challenge Project, we will utilize the regulatory sandbox to continuously discover innovative technologies and demonstrate services to solve urban problems."

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