Subscribe
E-Paper
 |
| This image shows an example of the electronic voting system for homeowners, as a company that applied for the regulatory exemption was approved by the ICT Regulatory Sandbox Deliberation Committee, held by the ICT ministry and the KCCI's Sandbox Support Center, Friday. Courtesy of KCCI |
By Baek Byung-yeul
Homeowners will be able to hold their meetings online and vote electronically whenever their association puts matters to a vote, as holding contactless meetings has been approved in a meeting of the ICT Regulatory Sandbox Deliberation Committee, held by the Korea Chamber of Commerce and Industry (KCCI) and the ICT ministry, Friday.
In addition, a total of six companies that had been blocked by regulations from carrying out new business were also given the green light.
Sandbox refers to a playground where children can play in a controlled and closed environment, and a regulatory sandbox is designed to give firms exemptions from rules and regulations so that they can launch innovative and convenient products or services.
The contactless meeting and electronic voting service for homeowners' associations was created by Ready Post, a local startup.
Ready Post said it applied for the regulatory exemption as it has conducted over 50 association meetings since the start of the COVID-19 pandemic without problems.
In addition to the online meeting and voting service, the company Pet's Needs won approval to launch its Noseprint pet registration service, which allows pet owners to easily identify their pets when visiting an animal hospital. A contactless medical service for overseas Koreans and a mobile virtual reality experience bus service were also approved.
"Companies that provide useful services for people's lives using digital technology were given regulatory exemptions," said Choi Hyun-jong, head of the KCCI's Sandbox Support Center. "The KCCI will actively support regulation exemptions so that new types of services can be activated."
