Permanent project revision
Revision 2026-08-21-source-dates · effective 2026-07-26
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sha256:4e20537155896bed071597f1e05b209b77a91e23c7582addf47215645901f4fb
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clm-7788f0263b3dcfcd
quantitative
Korea's Ministry of SMEs and Startups designated Busan the country's only blockchain regulation-free special zone in July 2019, letting pilots run under exemptions from rules that would otherwise block them
clm-948c6480997095de
descriptive
Six services followed: port logistics, tourism, public-safety video reporting, a bank-issued digital voucher, fractional real-estate investment and a medical data platform
clm-38b49497d2d4a4fb
descriptive
The zone produced three changes to national location-data and privacy rules
clm-6cd6e38b578f859e
quantitative
The voucher circulated only 137 million won by the end of 2020, three pilots closed in December 2022, and regulators approved no new ones
clm-d37c12450bb0c96c
quantitative
Two services hold temporary permits until 2027
clm-5efc726eac30d9ea
quantitative
No new demonstration projects were approved after 2022; tenant companies stood at 17 for four years and the zone recorded no foreign direct investment, against about 41.6 billion won of public spending in 2019-2024
clm-e3df65efe8bed9ba
descriptive
Regulatory exemptions can prove a technology is legal without making it useful: Busan changed three national rules, but almost no service survived the pilots that won them
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sha256:4e20537155896bed071597f1e05b209b77a91e23c7582addf47215645901f4fb
src-212eca349104df27Official zone site: designation effective August 2019, additional designation July 2020, and the list of six demonstration projects across logistics, tourism, public safety, finance, real estate and medical data.
src-73516e8d34acf656Ministry adds the real-estate collective investment and medical MyData services, starting 15 December 2021, and lists the specific licensing and data-handling exemptions granted.
src-e87043f9a0af5c29Three completed amendments to location-data and privacy rules, the six demonstration services, and the December 2022 close of the logistics, tourism and public-safety pilots.
src-2a2324e1b3d2fd64Only 137 million won of the BNK Busan Bank digital voucher was issued by end-2020 and usage stopped after the launch promotion; the logistics, tourism and public-safety platforms did not reach commercial use.
src-d0244321d984d375The Regulation-Free Special Zone Committee granted three-year temporary permits by written vote of 15-22 November 2024 to the BBRIC real-estate investment platform and the VHealthC medical MyData platform, extending zone status to 2027.
src-f3d17ec02a36b51cCounterweight: about 41.6 billion won invested 2019-2024, no new demonstration projects after 2022 and no recorded foreign direct investment.
src-fc863aeb91cf0580Independent assessment that the zone became an empty shell after seven years, citing 17 tenant companies unchanged for four years. Direct fetch blocked (403); article and its figures confirmed through search.
src-1301f79bf80797a5Establishes that the Busan Digital Asset Exchange is a separate, privately capitalised city initiative under the Target 2026 Blockchain Busan plan, not part of the regulation-free special zone.