S Korea's new regulatory-free zone

The South Korean government has designated a special regulatory-free zone in Gyeongsangbuk-do province to accelerate the development and commercialization of cultivated meat. The zone aims to address legal obstacles, establish global standards for novel foods, and enhance the competitiveness of companies like TissenBioFarm. It will operate for the next five years, with a budget of ₩19.9 billion ($14.4 million), and house 10 companies demonstrating the commercialization of cultivated meat using cells from livestock samples.

For more details, you can refer to the full article published on May 20th!

Source: https://worldbiomarketinsights.com/south-korea-establishes-special-regulatory-free-zone-for-cultivated-meat-industry/

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Source World Biomarket Insights