Invest KOREA

According to Pulse by Maeil Business News Korea,

The South Korean government will relax regulations on drones while beefing up support on related services to hasten the commercialization of unmanned aerial vehicles and expand the market to 1 trillion won ($843 billion) by 2025.

Seoul will first lift flying restrictions for drones in more places across the country, according to a plan released by the Ministry of Land, Infrastructure and Transport on Wednesday after holding the second drone industry meeting. The government plans to take applications for exemption on drone flying in September 2022. This year, it designated 33 areas in 15 towns as special zones for drone flying.

Laws on drone industry will be revised for easier public access. Supports will be made on fostering the growth of related leisure business, such as drone fishing and racing.

Regulatory sandbox will be stretched to allow 40 experimental projects by 2025, up from this year’s 23 projects.

Safety standards for flying drones in cities and other crowded places will be prepared in the second half of 2022, in addition to drawing up a guideline for drone parcel delivery service.

Monitoring and punishment on illegal drone flying will be strengthened.

The government will impose fines of up to 5 million won on illegal drone flying and inject 42 billion won into technology development projects for protecting the country’s key facilities from possible drone attacks.

Through this plan, the government targets to expand the local drone market from current 500 billion won to 1 trillion won by 2025, as well as help creating 4,600 additional jobs, said a transport ministry official.



By Cho Jeehyun

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (December 15, 2021)