In the first of many announcement like this and in a symbolic gesture that underscores Seoul’s commitment to boosting the hydrogen economy, the South Korean Government announced that it would loosen regulations in order to allow Hyundai to build a hydrogen refuelling station in the Parliament area.
The government plans to loosen regulations by creating a regulatory “sandbox” that will allow domestic producers to experiment with new technologies without the concern of being burdened by regulations.
Due to fact that the station will be built on a commercial area and is a state-owned land, it can enter the regulated sandbox system even if the hydrogen filling station can not be installed due to the current law .
The hydrogen station to be built will be able to refuel 50 hydrogen cars a day.
Hyundai, has also been permission to build another two hydrogen stations in the Seoul area.
Sung Yun-mo, minister of trade, industry and energy, said “We will create a testing ground for innovation to make sure that regulations do not hold back the market launch of innovative products and new technologies.”