Innovative technologies almost buried under old regulations… Sandbox 2-year performance report

Approval of 410 tasks including facial recognition payment… Attracting investment of 1.4 trillion won and 2,800 jobs
Park Yong-man “The driving force that raises the dynamics of the Korean economy”… Jeong Segyun “Innovation Experimental Ground”

The technology and services that were almost blocked by the old regulatory wall, but eventually shined through the regulatory sandbox, gathered together.

On the 2nd, the Korean Chamber of Commerce and Industry and the Office of State Affairs Coordination held a’Sandbox 2nd Anniversary Performance Report’ at the Chamber of Commerce in Jung-gu, Seoul, and shared the achievements of the sandbox over the past two years.

The event was attended by Prime Minister Jeong Sye-gyun, Chairman of the Korean Sang-Ang Sang Park Yong-man, and Head of the Office of Government Coordination Koo Yun-cheol, and related ministries and officials from sandbox approved companies also participated in video.

The regulatory sandbox is a system that exempts or suspends unreasonable regulations so that companies can freely try new products and services and launch them quickly, like a playground for children.

Prime Minister Jeong Sye-gyun said in his greeting, “The Moon Jae-in administration has transformed the paradigm of new industry regulatory innovation into’pre-permitted, post-regulated’.” “I did”.

According to the government, a total of 410 tasks were approved as a regulatory sandbox over the past two years, and through this, investments of over 1.4 trillion won and more than 2,800 jobs were created.

Prime Minister Chung said, “In this case, we will convert the special cases for demonstration into temporary permission so that there is no concern that the empirical special cases project will be suspended due to the unrevision of the regulatory laws and regulations. “We will do our best to make the regulatory sandbox a platform that supports entrepreneurship.”

Chairman Park Yong-man said, “The’door of opportunity’ has been opened to 91 projects through the Sandbox Support Center of the Korean Sangyo. The shared kitchen business has come to fruition, such as the Food Sanitation Act, which has been handed down for the first time in 60 years. There was also” he said.

Chairman Park said, “If the’sandbox’ is one of those things that have been the most successful in the seven years of the chairman of Sangsang,” he said. “If the sandbox will settle well in the future and become a driving force that will open up innovation and boost the dynamics of our economy, It would be great,” he said.

Companies that received business licenses as sandboxes showed off various innovative technologies.

Venture company’Tool Space’ released an autonomous driving robot’Dibot’.

The quarantine robot disinfects every corner of the building, including the event hall, and the patrol robot, which smells, checks the indoor air condition.

‘Warp Solution’ with wireless charging technology also showed a technology that simultaneously charges several electronic devices within a 6m radius.

Hyundai Motor Company introduced a’demand-response bus’ service called by a smartphone app, and Shinhan Card announced’FacePay’ technology, the first facial recognition payment service in Korea.

“Sandbox is one of the successful cases of public-private partnership,” said Woo Tae-hee, executive vice chairman of the Daehan Sangsang, and said, “In order to become a safer and faster sandbox, a dedicated government organization must be established and the active administration of public officials must be guided.”

/yunhap news

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