Smart City Regulatory Sandbox Now Available for Application at the Korea Chamber of Commerce and Industry

Following the Ministry of Science and ICT, Ministry of Trade, Industry and Energy, and Financial Services Commission, Ministry of Land, Infrastructure and Transport Adds Dedicated Agency

At the regulatory sandbox 2nd anniversary performance report held last February, the outdoor autonomous patrol robot 'Patrover' by the autonomous driving robot startup Dogu Gonggan is moving onto the stage. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Choi Dae-yeol] The Korea Chamber of Commerce and Industry announced on the 3rd that it will participate as a private support organization in the Smart City Regulatory Sandbox operated by the Ministry of Land, Infrastructure and Transport.

The regulatory sandbox is a system that temporarily suspends or exempts regulations to allow innovative products and technologies to enter the market quickly. It provides a basis for quickly confirming whether regulations apply or for testing in restricted areas for a certain period. If related regulations are unreasonable, it helps by allowing market launch before amending laws, providing prior authoritative interpretation by relevant ministries, or revising laws.

The Ministry of Land, Infrastructure and Transport's regulatory sandbox suspends or exempts regulations that hinder innovative products and new technologies that help create smart cities. Previously, rapid confirmation, temporary permits, or demonstration exceptions could be applied for through the Korea Agency for Infrastructure Technology Advancement under the Ministry of Land, Infrastructure and Transport, but from now on, it will also be possible through the Korea Chamber of Commerce and Industry. After a pilot operation in the first quarter of this year, the Ministry plans to fully implement it in the second half of the year once the laws are amended.

The Korea Chamber of Commerce and Industry has participated as a support organization for regulatory sandboxes of the Ministry of Science and ICT, Ministry of Trade, Industry and Energy, and Financial Services Commission, and has now added the Ministry of Land, Infrastructure and Transport. Woo Tae-hee, Executive Vice President of the Korea Chamber of Commerce and Industry, said, "The difference is that it targets innovative services to solve urban problems," adding, "Since multiple ministries operate sandboxes, confusion among companies was inevitable, but if the Chamber receives comprehensive applications, it will reduce corporate confusion during the sandbox application process and broaden opportunities."

Meanwhile, the Ministry of Land, Infrastructure and Transport has approved four cases through the Smart City Regulatory Sandbox: autonomous patrol services, traffic flow control services using artificial intelligence technology, traffic signal control systems applying optical communication technology, and demand-responsive mobility.

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