Ministry of Science and ICT Approves 156 Projects Following ICT Regulatory Sandbox Implementation

[Asia Economy Reporter Lim Hye-seon] The Ministry of Science and ICT announced on the 16th that a total of 156 projects have been approved in the Information and Communication Technology (ICT) Regulatory Sandbox system over 2 years and 8 months since its implementation (59 temporary permits, 97 demonstration exceptions). Among the approved projects, 103 have been launched in the market, creating added value through new technologies and services. The approved companies have achieved economic results including 90.6 billion KRW in sales, 170.5 billion KRW in facility and investment attraction, and 2,576 new jobs.

Additionally, based on data obtained through regulatory exceptions proving safety, 57 projects (33 regulations) such as taxi app meters and shared kitchens have led to related regulations being revised, enabling official business operations.

Along with this, the Ministry of Science and ICT held the 23rd New Technology and Service Deliberation Committee on the same day and approved a total of 10 regulatory exception projects. The committee allowed the demonstration of 'Biometric Nose Print Recognition-based Pet Registration,' which registers animals by recognizing each animal's unique nose print (biometric pattern) instead of the existing external/internal device-based animal registration method. Also, projects such as the 'Idle Camping Car Rental Brokerage Platform,' which enables private camping cars to be rented to others when not in use, and the 'Wireless Charging Service for Personal Mobility Devices such as Electric Kickboards,' which allows charging and parking of electric kickboards and similar devices, were granted regulatory exceptions.

Vice Minister Park Yoon-kyu stated, "The regulatory sandbox is effectively playing its role as a tool to identify outdated regulations lagging behind the times in the field, test them through demonstrations, and judge the appropriateness of regulatory improvements. As the responsible ministry, we will actively perform our role to ensure many projects can benefit from the regulatory sandbox, and we will also strive to improve regulations so that approved projects can quickly settle in the market."

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