South Korea to create four 'mega special zones' for robots, AI, and other advanced industries

South Korea is embarking on an ambitious initiative to revitalize its regional economies by establishing four 'mega special zones' centered around cutting-edge industries. This plan, announced by the government, aims to create hubs for innovation in robotics, renewable energy, biotechnology, and AI-driven autonomous vehicles. The core strategy involves a significant deregulation effort, coupled with substantial policy support, to attract investment and foster technological advancement outside the Seoul metropolitan area.

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The biggest problem in Korea is the concentration in the Seoul metropolitan area.

President Lee Jae-myung has been a vocal proponent of this initiative, stressing the need to overcome the nation's chronic issue of over-concentration in the capital region. By implementing a 'negative-regulation' system in these advanced sectors, where only explicitly prohibited activities are restricted, the government hopes to unleash the full growth potential of these industries. This approach is seen as crucial for maintaining South Korea's competitive edge in the global market.

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We need to create large-scale deregulation zones at the regional level.

The 'mega special zones' are envisioned as large-scale development areas that will consolidate existing smaller zones, aiming for synergistic effects. The government plans to streamline administrative procedures, such as environmental impact assessments and permits, reducing them to within 60 days. Furthermore, additional incentives are being considered for companies and their employees relocating to these zones. This strategic push reflects a broader national agenda to achieve balanced regional development and secure future economic growth engines.

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We plan to reduce the documents submitted to administrative agencies when applying for various permits, licenses, and patents by more than 50% to improve regulations that can be felt by users.