A system that eases lump-sum regulations related to new businesses faced by regions and
businesses on a regional basis
with the purpose of promoting regional innovative growth and balanced
development by investing in regions and creating quality jobs.
* Zones designated and announced by the Minister of SMEs and Startups
in accordance with Article 75 Paragraphs 3 and 4 of the Regional Special Zone Act
Regional Special Zone Act | Industry Convergence Act, Information and Communications Act, Financial Innovation Act |
|||
---|---|---|---|---|
In common | Apply regulatory sandbox | Same | ||
Differences | Application of menu board type regulation exception | X | X | X |
Application by mayor/provincial governor | Application by the company | Same | Same | |
Non-metropolitan area | Nationwide | Same | Same | |
Tax and financial support | X | X | X |