Trade, Industry and Energy Minister Moon Sungwook held a committee meeting on reviewing regulatory exemptions for industrial convergence projects on December 30, and approved 15 business items.

A total of 198 projects were approved in the industrial convergence sector, 96 in 2021 alone. This is the largest number of approvals among all sectors under the regulatory sandbox program.

The ministry will help the firms commercialize their approved business items through export vouchers, financial support using the Digitalization Industry Innovation Fund, and overseas market expansion support in a joint effort with KOTRA.