□ Smart city is a space platform where the quality of life of citizens is improved and new industries grow
– Realization of a competitive and sustainable city despite environmental changes such as climate crisis and infectious diseases

□ Establishing an ecosystem for smart city startups to grow into global companies
– Comprehensive support for corporate activities and technology development such as domestic and overseas market development, investment attraction, and regulatory relief
– Promoting the nationwide spread of smart infrastructure and services with competitive companies

The Ministry of Land, Infrastructure, and Transport (Minister Hee-Ryong Won) and the Youth Foundation (Chairman Ye-Chan Jang) will meet for the fifth meeting of the communication relay for sprouting companies to revitalize the new industry in land transportation. “The 26th Ministry of Land, Infrastructure, and Transport✕Startup✕Youth Foundation Coffee Chat” event was held.

Minister Won said, “Smart city is a key industry to improve the quality of life of citizens and secure the city’s growth engine and sustainability. We will spare no effort in providing support, deregulation, etc., and we will spread the smart city nationwide together with companies,” he said.

The Coffee Chat event is a place where Minister Won, representatives of sprouting companies, prospective entrepreneurs, and young people meet regularly under the theme of various new industries in land and transportation, drink morning coffee, and freely share their experiences and exchange opinions. The annual Coffee Chat event was held under the theme of smart city.

About 30 young entrepreneurs including prospective entrepreneurs who applied in advance through the MOLIT On Tong Plaza and representatives of smart city sprout companies participated in this event. , service development and financing, and the process of setting up a space for start-ups, etc.

* (Sesame Research Institute) Development and supply of blockchain-based digital door locks, security systems, etc.
(Mobawheel) Development and supply of IoT sensor system for detecting road surface safety conditions such as black ice

Starting with the discussion of the presentations of the representatives of the sprout companies, the participants and Minister Won discussed ways to foster companies in the smart city field and deregulation to promote technology development.

① Various opinions were presented, ranging from proposals to lower barriers to entry so that companies could easily participate in public projects of the government or local governments, to orders that continuous investment in innovative technology development should be made.

② In addition, there were many voices demanding that regulations be removed so that new technologies and services can be discovered, and that various support for the stable settlement and growth of new companies is needed.

In response, Minister Won said, “We will build a strong industrial ecosystem so that smart city startups can emerge as companies with global competitiveness. In this process, unreasonable regulations will be boldly removed, and excellent products will be designated as innovative products to facilitate the creation of a procurement market, and a virtuous cycle support program will be linked to advance overseas.”

In addition, he said, "Before companies apply, the government will proactively discover regulatory special tasks and actively operate a regulatory sandbox, as well as help companies grow through networking between companies and consulting on business capabilities."

At the end of the event, Minister Won said, “The transition to a smart city is an unstoppable flow to secure city competitiveness and sustainability in the future environment. It is playing a key role in resolving urban problems, such as improving traffic flow.”

“We will expand the smart city to all regions of the country together with businesses so that our city can secure competitiveness in the future society and realize a safe and convenient life for the people.”