Lee urges reform of outdated regulations hampering growth of advanced industries
President Lee Jae Myung on Friday urged prompt and bold reform of outdated regulations that hamper the growth of new technologies or advanced industries, calling it an essential task in the country's drive for global industrial leadership. The president made the call at the second plenary meeting of the regulation rationalization committee, aimed at easing regulations to help nurture advanced…
President Lee Jae Myung called for immediate and decisive reform of obsolete regulations that are impeding the expansion of advanced industries and cutting-edge technologies in South Korea. Speaking at the second plenary meeting of the regulation rationalization committee, the president emphasized that this reform is crucial for the country's ambitions of achieving global industrial leadership.
Addressing the importance of balanced development, Lee stressed that rationalizing regulations is a vital step towards creating a truly irreplaceable Republic of Korea. He reiterated the administration's commitment to establishing global leadership in advanced industries. While acknowledging the need for new regulations to safeguard lives, safety, social fairness, and transparency, Lee stressed that outdated and cumbersome regulations hindering growth must be swiftly and boldly reformed.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
