Planning to Discover Sandbox Projects by Half-Year Periods
The government-led 'planned regulatory sandbox,' which identifies regulatory sandbox projects and then recruits businesses, will be fully introduced. The government expects that the planned regulatory sandbox will enable comprehensive improvements in regulations on a broad scale.
Jeong Byeong-gyu, Director of Regulatory Innovation Planning at the Office for Government Policy Coordination, explaining the improvement plan for the operation of the regulatory sandbox at the Government Complex Sejong last July. Photo by Yonhap News
On the 14th, the government announced that it will expand the implementation of the planned regulatory sandbox across all ministries as a follow-up measure to the "Regulatory Sandbox Operation Improvement Plan" announced at the 43rd National Policy Issues Ministerial Meeting last August.
Previously, regulatory sandboxes mainly provided special exemptions and demonstrations in response to difficulties applied for by individual companies. Going forward, the government will first propose projects to which regulatory exemptions will be granted and then recruit businesses to demonstrate these projects, running the planned regulatory sandbox in parallel.
In March, the government piloted the planned regulatory sandbox approach in the ICT and industrial convergence sectors. After gathering opinions from related ministries and experts, it will now expand the planned regulatory sandbox to all eight regulatory sandbox sectors.
The government expects that this will establish a foundation for regulatory improvement based on government-led policy experiments. In particular, it anticipates that in new technology fields where domestic and international systems are insufficient or where immediate legislative amendments or enforcement are difficult, comprehensive demonstrations will enable regulatory improvements.
The Office for Government Policy Coordination will conduct a demand survey for the planned regulatory sandbox targeting all ministries for one month from the 15th to the 13th of next month. The identified projects will be jointly promoted by related ministries to recruit businesses, then allocated to the eight regulatory sandbox sectors to proceed with follow-up procedures such as demonstration exemptions. If disagreements arise between related ministries and businesses, the office will also play a coordinating role.
The Office for Government Policy Coordination stated, "We will continue to ensure that the planned regulatory sandbox becomes an experimental ground for regulatory reform," adding, "We will identify planned sandbox projects through biannual demand surveys targeting all ministries, recruit businesses, and proceed with demonstration exemptions."
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