PM vows to boldly improve regulations on new industries, technologies

SEOUL, Aug. 20 (Yonhap) -- Prime Minister Han Seong-sook pledged on Thursday to significantly enhance regulations for emerging industries and technologies, enabling them to flourish without hindrance and serve as pivotal growth engines for South Korea's economy. She emphasized that there would be no disagreement on the fact that these new technologies and industries represent our future growth engines.

The Prime Minister stated that her administration is striving diligently to streamline regulations to match those of rival nations. Regarding outdated regulations that do not align with international standards, Han affirmed that government agencies would be required to demonstrate the necessity of such regulations, with the option to improve or eliminate them if deemed unnecessary.

The government also intends to permit new technologies to enter the market initially, followed by the establishment of regulations as deemed necessary. Furthermore, Han hinted at the consideration of establishing a regulatory reform center under the Prime Minister's Office, alongside measures to enable government officials to boldly improve regulations without apprehension over audits.