Industry
Cabinet approves revision to R&D special zones law to strengthen protections in regulatory sandbox
South Korea’s Ministry of Science and ICT said on Monday that a bill revising the Special Act on Fostering Research and Development Special Zones was finalised by the cabinet after passage in parliament. The revision clarifies the right to claim compensation for personal harm arising from regulatory-exemption projects and bans the transfer or seizure of compensation deposited in designated accounts. The law will take effect six months after promulgation following presidential approval.
