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Republic of Korea: Launch of KRW 17.5 billion regulatory sandbox fund to support innovation in cutting-edge fields

Description

On 24 July 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced the launch of a KRW 17.5 billion (USD 12.7 million) "regulatory sandbox fund". The fund's stated objective is...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Jul 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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