Law firm Veat, Mr. Songdo Young, Representative Attorney, gave a lecture on 'ICT Regulatory Sandbox for New Digital Innovation'.

Veat’s representative attorney Songdo Young conducted a lecture on the key contents of the ICT regulatory sandbox system and its importance, in relation to the explanation meeting for new digital innovation. 

A regulatory sandbox is a system that allows businesses to launch new products and services utilizing new technologies under certain conditions (period, location, scale restrictions) and verify them without applying all or part of the existing regulations. This regulatory sandbox system is a system to rationally improve regulations based on the data collected during the process.

This explanation meeting, held at Sejong Techno Park, was conducted by the representative attorney of Veat Law Firm, Songdo Young, at the ‘Explanation Meeting for New Digital Innovation for ICT Regulatory Sandbox’ and delivered an in-depth lecture on the core and importance of the ICT regulatory sandbox system.

The explanation meeting was held targeting related companies in ICT/SW and digital content fields, including Sejong Special Self-Governing City, the Korea Information & Communication Technology Industry Promotion Agency (NIPA), Sejong Techno Park (SJTP), Sogang University Sejong Campus, Hongik University Sejong Campus, etc. The participating companies were able to gain a deep understanding of the importance and application methods of the regulatory sandbox system through this explanation meeting.

Veat Law Firm’s representative attorney Songdo Young provides extensive legal advice based on abundant experience in ICT and digital fields and the practical know-how of the most track related to regulatory sandbox.

Thank you.

Veat Law Firm