Smart City Strategy of Korea - ③ Ecosystem for innovation

Today, we will look into the history of Korea’s Smart City following the  Smart City Strategy of Korea. 

Third, formation of an innovative ecosystem.

In Korea, the Smart City law was legislated already in 2008.

And now, we plan to adopt the “regulatory sandbox” granting temporary waivers to businesses for new technology and pilot services.

In particular, a living lab is a process and a governance for citizens

to find urban problems themselves,

and address them through smart technologies.

It is a core element to form a people-oriented smart city.

Efforts are also underway to pave the way for fostering the industry.

We plan to support youths to start up their business and find new sales channels.