Background

It is a Korean-style *regulatory sandbox that allows companies with new technologies to research and promote
new businesses free from regulations in the face of rapidly changing technological conditions. This is a regulation free special zone,
which institutionalizes the region to enable commercialization, such as developing and verifying technologies
owned by companies or launching new products. * Regulatory Sandbox
It originated from allowing children to move freely in a restricted environment such as a sandbox for safety

Introduce regulatory sandboxes in four areas, including industrial convergence, information and communication,
      finance, and regional innovation, according to expertise in each field
* Industry convergence (Ministry of Industry), information and communication convergence
        (Ministry of Science and ICT), financial innovation (Financial Services Commission), regional innovation (Ministry of SMEs and Startups)

The introduction of the regional special zone law regulation sandbox, which was promoted at the level of regional innovation,
      was merged with the existing regulation free zone legislation and passed through the National Assembly deliberation process.
- Compared to the regulation free zone, strengthening the regulatory sandbox and expanding target areas

[Comparison of the 4 laws of the regulatory sandbox]

	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