Global Trade Alert
Global Trade Alert

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

Announcement

24 Jul 2024

In July 2024, the South Korean Ministry of Trade, Industry and Energy (MOTIE) announced the launch of a KRW 17.5 billion "regulatory sandbox fund" to support the technological innovation activities of companies in cutting-edge fields. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Jul 2024

Revocation date:

No revocation date

Updated: 24 Jul 2024
State aid, unspecified In force

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...

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