regulatory sandbox Archives | Be Korea-savvy
Wearable Cardiac Monitor Approved in S. Korea Under ICT Regulatory Sandbox

Wearable Cardiac Monitor Approved in S. Korea Under ICT Regulatory Sandbox

SEOUL, Mar. 25 (Korea Bizwire) — A wearable to measure electrocardiogram (ECG) has received the green light from local health authorities, the watch’s manufacturer said Monday. The approval is the first since the government adopted the so-called regulatory sandbox — a mechanism for developing regulations that keep up with the fast pace of innovation — [...]

‘VR Truck’ and ‘Car Scrapping Estimator’ Pass Regulatory Sandbox

‘VR Truck’ and ‘Car Scrapping Estimator’ Pass Regulatory Sandbox

SEOUL, Mar. 7 (Korea Bizwire) — A ‘VR Truck’ that goes around to different locations to deliver virtual reality (VR) content to variety of customers will soon be made available. A unique application that comes up with the estimated cost of scrapping a car will also be introduced. The South Korean Ministry of Science and [...]

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

SEOUL, Jan. 11 (Korea Bizwire) — Hydrogen charging stations are crucial to boost the popularity of hydrogen electric vehicles, but it is practically impossible to install these stations in commercial areas under current laws. According to the Ministry of Trade, Industry and Energy on January 10, a method has been found to install the charging [...]