The government is set to finalize legislation by the end of the year to support key industrial policies, including the three major mega projects and the transition to industrial artificial intelligence (M.AX).
On July 8, members of the ruling Democratic Party and government officials, including Minister of Trade, Industry and Energy Kim Jeong-kwan, held a meeting at the National Assembly to discuss the passage of bills in the second half of the year. The meeting focused on reporting the progress of the Ministry of Trade's initiatives and future plans.
The Ministry of Trade presented reports on key issues, including region-led growth in five major areas, the three mega projects, and M.AX. Notably, they agreed to complete the mega special zone law and M.AX legislation within the regular National Assembly session.
Jang Cheol-min, a member of the National Assembly and the ruling party's secretary for the Trade, Industry, Energy, Small and Medium Enterprises Committee, spoke to reporters after the meeting, stating, "The priority tasks are the mega special zone law and M.AX legislation. We aim to address most of these during the regular session, with the goal of extending discussions into February if necessary."
Regarding the mega special zone law, he emphasized the importance of quickly resolving issues between the government and the ruling party, noting, "There are various issues, such as alignment with regional growth engines, which cannot be handled solely by the Trade, Industry, Energy, Small and Medium Enterprises Committee. Therefore, we plan to expedite discussions at the policy committee level."
* This article has been translated by AI.
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