PM promises bold deregulation

Prime Minister Han Seong-sook of South Korea has announced her intention to significantly deregulate the country's regulatory environment in order to foster innovation and economic growth. Speaking at a regulatory reform discussion at the Korea Chamber of Commerce and Industry, Han pledged to remove as many regulations as possible through rationalization, enabling individuals and businesses to pursue new ideas and investments.

She emphasized that the government aims to address regulations that can be resolved via inter-ministerial coordination or through existing law revisions, while also seeking consensus on regulations with conflicting interests. However, Han stressed that regulations pertaining to people's lives will be strengthened, prioritizing public safety above all else.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.