The First Project Under Regulatory Sandbox Program

Hydrogen vehicle charging stations will be set up in three places in downtown Seoul, including one at the National Assembly.

Hyundai Motor will set up hydrogen vehicle charging stations in three places in downtown Seoul, including one at the National Assembly.

The station at the National Assembly has a capacity of 250 kg and is capable of charging more than 50 hydrogen vehicles a day. Hyundai Motor Co. is going to complete the construction in late July after a safety inspection by Korea Gas Safety Corp.

The Ministry of Trade, Industry and Energy held a meeting on Feb. 11 and decided to provide temporary deregulation for the construction of the charging stations under a regulatory sandbox program.

The deregulation program is aimed at allowing companies to invest in innovative technologies free from excessive regulations.

At the same meeting, the ministry decided to apply its temporary deregulation to Macrogen as well with regard to its personalized health promotion service based on direct-to-consumer genetic testing. Earlier, the company asked the ministry to provide temporary deregulation regarding 15 diseases, including breast cancer, dementia, hypertension, stroke, colon cancer, gastric cancer, lung cancer, liver cancer and the Parkinson’s disease. The ministry gave an approval for 13 and turned down the request regarding breast cancer and dementia, saying that more genetic research is required in the case of breast cancer and no cure is currently available in the case of dementia.

Copyright © BusinessKorea. Prohibited from unauthorized reproduction and redistribution