Lee urges reform of outdated regulations hampering growth of advanced industries
President Lee Jae Myung on Friday urged prompt and bold reform of outdated regulations that hamper the growth of new technologies or advanced industries, calling it an essential task in the country's drive for global industrial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President Lee Jae Myung called for urgent and ambitious reforms to outdated regulations that impede the expansion of advanced industries and cutting-edge technologies in South Korea, emphasizing it as a crucial step towards achieving global industrial prominence. At the second plenary session of the regulation rationalization committee, which aims to streamline regulations to foster advanced sectors and ensure equitable development, the president made the appeal.
Lee asserted that rationalizing regulations is a fundamental necessity for constructing an unparalleled Republic of Korea, underscoring his administration's commitment to attaining global leadership in advanced industries. He acknowledged that future regulations would remain necessary, necessitating their reinforcement to safeguard individuals' well-being and safety, alongside promoting social equity and transparency.
However, Lee stressed that any obsolete regulations obstructing technological advancement and industry development should be swiftly 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.
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