President Yoon Suk Yeol will preside over the second plenary meeting of the Regulatory Reform Committee at the Blue House on the 23rd, focusing on easing regulatory barriers for advanced industries such as semiconductors, artificial intelligence (AI), and robotics, as well as promoting balanced regional growth through comprehensive regulatory adjustments.
This meeting, held approximately six months after the first plenary session in April, aims to develop specific implementation plans for regulatory reforms initially proposed at the committee's inception. The government seeks to secure economic growth momentum by overhauling regulations that hinder investment in advanced industries and the development of regional growth hubs and startups.
During the first meeting on April 15, the government completely revamped its regulatory reform framework for the first time in 28 years. The chairmanship was elevated from the Prime Minister to the President, and private sector participation was significantly expanded, linking regulatory reform to national growth strategies rather than treating it as a mere administrative issue for individual ministries.
The second plenary meeting will be divided into two sessions.
The first session will begin with a report from the Office for Government Policy Coordination on the direction of regulatory rationalization for mega projects and the five regional growth engines. Relevant ministries will present solutions for regulatory relief in key industries, including robotics, semiconductors, AI data centers, autonomous vehicles, and biotechnology.
The second session will feature the Ministry of SMEs and Startups presenting its regulatory rationalization plan for startups. Following this, representatives from the Office for Government Policy Coordination, the Ministry of Land, Infrastructure and Transport, and the Ministry of Environment will introduce plans for redesigning administrative paperwork for startups and share key case studies. After each session, there will be open discussions involving private committee members, business leaders, and experts.
About 100 participants from the public and private sectors are expected to attend the meeting. Government representatives will include the Prime Minister, deputy ministers from the Ministry of Economy and Finance, the Ministry of Trade, Industry and Energy, the Ministry of Land, Infrastructure and Transport, and the Ministry of SMEs and Startups, as well as the head of the Office for Government Policy Coordination, the Chairman of the Financial Services Commission, and the Chairman of the Fair Trade Commission. From the Blue House, Chief of Staff Im Kwang-hyun, Policy Chief Ha Jun-kyung, the Chief Economic Advisor, and the Chief of AI Future Planning will also be present.
The entire discussion process of the Regulatory Reform Committee will be broadcast live on KTV.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.