South Korea Advances Innovation with Approval of 66 Regulatory Sandbox Projects
Key Ideas
  • South Korea's government approves 66 regulatory sandbox projects to drive innovation in mobility, hydrogen, and other sectors.
  • Projects include testing wireless charging for self-driving EVs, unmanned underwater vehicle powered by hydrogen, and mobile hydrogen fuel cell generator.
  • Regulatory sandbox allows companies to test innovative products with temporary regulatory flexibility.
  • Government to continue supporting testing and commercialization of new technologies across various sectors.
The South Korean government has greenlit 66 regulatory sandbox projects to foster innovation in advanced industries like mobility and hydrogen, among others. The projects cover a wide range of initiatives, including the pilot testing of wireless charging for self-driving electric vehicles by the Korea Automotive Technology Institute and the demonstration of an unmanned underwater vehicle powered by hydrogen fuel cells by the Agency for Defense Development. Additionally, Kia Corp. has received approval to test a mobile hydrogen fuel cell generator for rapid power supply during emergencies. Regulatory sandbox projects provide companies with the opportunity to test new products and services with temporary regulatory flexibility and without oversight, allowing for faster innovation. The government emphasized its focus on next-generation defense technologies during the approval process and expressed its commitment to supporting the testing and commercialization of cutting-edge technologies in various sectors.
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