Songdo-young Partner Attorney, Lecture on Regulatory Sandbox System and Application Method

Law firm Veat's Song Do-young partner lawyer (39th class) conducted a lecture for lawyers on ‘Regulatory Sandbox System and Application Form Writing Method’ at the Seocho-dong Legal Education Culture Center on November 23, 2019, in the ‘Venture, Startup Training’ program.

As chairman of the second subcommittee (IT·Startup division) of the Korean Bar Association’s ‘IT/Blockchain Special Committee,’ Song Do-young lawyer stated, “Although the regulatory sandbox is a system actively promoted by the government and many companies show great interest, it was introduced in January 2019, so lawyers have not had the opportunity to attend specialized lectures on the regulatory sandbox.” He also stated, “I have been receiving many consultation calls from lawyers regarding the regulatory sandbox, so I prepared this kind of lecture,” revealing the planning intent of the training program.

Based on Song Do-young lawyer’s experience of over 200 regulatory sandbox-related consultations and application form writing, he conveyed practical knowledge and experience regarding swift processing (swift confirmation), temporary permits, experimental permits, smart innovation projects, smart experimental projects, which are stipulated in various laws such as the “Act on the Promotion of Information and Communication Technology and Fostering Convergence,” the “Act on Promoting Industrial Convergence,” the “Act on Special Support for Financial Innovation,” the “Act on Regulatory Relief for Regulatory Free Zones and Regional Special Development Zones,” and the “Act Amending the Act on Promoting Smart City Construction and Industry.”

In particular, Song Do-young lawyer conveyed practical knowledge that is not explicitly stated in laws or government ministry announcements, such as essential points to know when consulting with companies hoping to apply for the sandbox and deliberation procedures, receiving high acclaim from the attendees.

Law firm Veat provides specialized advice on regulatory sandbox, regulatory innovation, and legislative consulting, centered around partner lawyers Song Do-young, Baek Seung-cheol, and Jo Eun-byeol.

Song Do-young lawyer's major history related to the regulatory sandbox is as follows.

- NIPA, 2018 ICT Convergence Regulatory Improvement Consulting (PM)

- NIPA, 2019 ICT Regulatory Sandbox Consultation Center Legal Consulting (PM)

- NIPA, 2019 ICT Convergence Regulatory Improvement Consulting (Research Committee Member)

- Gyeonggi Province Economic Science Promotion Agency, Gyeonggi Province Regulatory Sandbox Application Form Writing Consulting Support Project (Consulting Lawyer) 

- Smart Grid Project Group, Future Smart Grid Experimental Research Business Regulatory Sandbox Consulting Advice (PM)

- Korea Industrial Complex Corporation, Shipbuilding and Marine Industry Regulatory Sandbox Support Project (PM)