Acting President Han Deok-soo: ”Regulatory innovation is a matter of survival...We will increase corporate autonomy and promote investment” (South Korea)

Prime Minister Han Deok-soo, acting president of the Republic of Korea, said on the 30th, "Regulatory innovation is not a choice, it is a matter of survival." On the same day, at a small and medium-sized enterprise in Yeouido, Seoul, Prime Minister Han Deok-soo said,
He participated in a field meeting on regulatory reform for small and medium-sized enterprises held by the Central Federation of Economic Organizations and Trade Unions and said, "Through regulatory reform, we have striven to increase corporate autonomy, promote investment, create quality jobs, and invigorate the public economy."
Han cited examples of regulatory reforms, such as the lifting of restrictions on the location of the Gwangyang National Industrial Complex and allowing foreign workers to move between regions, saying, "This government has started
Since then, we have improved around 3,400 regulations to date, and we expect this to have an economic effect of 153 trillion won by 2027."
Han said, "The backbone of our economy is the Korean people, who account for 99% of all companies and 81% of employment.
"Employment, exports and growth cannot all expand without the help of small and medium-sized business owners," he said.
He added, "For regulatory innovation to produce results, the government and the private sector must work together to overcome the conflict and come up with a rational solution.
"We need to make efforts to communicate," he said. "The government will continue to promote results-centered regulatory innovation so that changes can be seen on the ground and experienced by everyone."