Law firm Veat, regulatory sandbox legal consulting

This law firm established a Regulatory Sandbox team (Partner Attorney Songdo-yeong) in 2018 to perform consulting services for ICT regulatory improvement and has since provided numerous consulting services, including regulatory sandbox and legislative consulting.

This law firm is composed of lawyers with expertise in ICT areas, gained from backgrounds in engineering and ICT-related advisory and legal affairs, and is a law firm with strengths in the ICT sector. It has secured numerous case studies related to regulatory sandboxes and provides comprehensive consulting services, including legal advice and temporary authorization, exemption designation for ①“Information and Communication Promotion and Active Integration of Convergence etc. Act,” ②“Promotion of Industrial Convergence Act,” ③“Financial Innovation Support Act,” ④ “Regional Specialized Development Special Districts Regulatory Special Provisions Act,” ⑤“Smart City Creation and Industrial Promotion Act,”

Lawyer Songdo-yeong of this law firm was recognized for his contributions to the establishment and expansion of the regulatory sandbox system through reviewing and providing legal advice on over 200 regulatory sandbox proposals and receiving the National Order of Merit from the Prime Minister at the ‘Science & Information Communication Day’ commemorative award ceremony in 2020.

The major cases related to regulatory sandbox of this law firm are as follows:

• Information & Communication Industry Promotion Agency, 2018 ICT & Integration Regulatory Improvement Consulting
• Information & Communication Industry Promotion Agency, 2019 ICT Regulatory Sandbox Consultation and Submission Consulting
• Information & Communication Industry Promotion Agency, 2019 ICT Integration Regulatory Improvement Consulting (Post-Management)
• Korea Institute of Industrial Technology Promotion, 2020 Industrial Convergence Regulatory Sandbox Legal Consulting
• Korea Institute of Industrial Technology Promotion, 2020 Regulatory Sandbox Special Provisions Company Post-Management Operation Support Project
• Korea Land & Sea Transportation Research Institute, 2019 Smart City Proof of Concept Service Legal Consulting Support
• Korea Land & Sea Transportation Research Institute, 2020 Smart City National Pilot City Proof of Concept Service Legal Consulting Support Project
• Korea Smart Grid Business Division, Future Smart Grid Proof of Concept Research Project
• Korea Industrial Park & Industrial Complex Corporation, Shipbuilding & Marine Industry Regulatory Sandbox Consulting
• Korea Industrial Park & Industrial Complex Corporation, Ulsan Innovation Capacity Strengthening Support Project
• Food Safety Information Institute, Policy Recommendations for Shared Kitchen Operation Status Survey and Institutional Introduction (Regulatory Amendment Research Project)
• Korea Industrial Park & Industrial Complex Corporation, Shipbuilding & Marine Industry Regulatory Sandbox Support Mid- to Long-Term Roadmap Legal Support Project Researcher
• Korea Smart Grid Business Division, Future Smart Grid Proof of Concept Research Project Regulatory Sandbox Consulting Legal Advice Provision
• Internet Enterprise Association, Internet Industry Regulatory Improvement Task Legal Review
• Korea Chamber of Commerce and Industry, Regulatory Sandbox Consulting (2020)
• Information & Communication Industry Promotion Agency, Multiple Cases Including Internet & ICT Integration Regulatory Improvement Excellent Case Identification

If you need legal advice related to regulatory sandboxes, please feel free to contact Law Firm Veat.

Thank you.

Law Firm Veat