Lee Jae Myung to attend South Korea deregulation meeting on October 23
The president is due to join a committee meeting on rules affecting advanced industries, regional growth and venture companies. Specific changes have not been announced.
South Korean President Lee Jae Myung is scheduled to attend the regulation rationalization committee’s second plenary meeting on Friday, October 23, as his government considers rules affecting advanced industries and regional growth, according to Yonhap News Agency. His office announced the planned meeting on Tuesday.
The session is expected to bring together officials from the presidential office and government ministries, along with experts from local companies and the wider private sector, Yonhap reported. It follows the committee’s first plenary meeting in April, giving government and industry representatives another forum to discuss rules affecting the administration’s growth agenda.
Industries on the October 23 agenda
Officials are expected to present ways to address regulatory obstacles in robotics, semiconductors, artificial intelligence data centers, self-driving vehicles and biotechnology, the presidential office said, according to Yonhap. The meeting is also expected to consider regulations affecting venture-company growth. The office has not announced specific changes for adoption at the meeting.
The presidential office linked the agenda to the administration’s plan for growth across South Korea’s regions and its ambition to lead in advanced industries, Yonhap reported. Officials from the finance, science, interior, industry, health, labor and land ministries are among those expected to attend. That range of participants reflects the spread of sectors covered by the planned discussions.
The committee’s approach to regulation
At the committee’s first plenary meeting in April, the presidential office described its approach as distinguishing regulations it considered necessary from those it considered unnecessary and potentially suitable for easing or removal. In an April 15 briefing, Cheong Wa Dae framed that distinction as the basis for its regulatory work.
Friday’s planned meeting is the committee’s second plenary session, according to Yonhap. The expected presentations would put obstacles identified in several growth industries before officials from multiple ministries and private-sector experts. Any proposals emerging from those discussions would still need to be set out by the government before their effects on companies could be assessed.
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Sources and context
- Lee to hold 2nd plenary meeting on deregulation this weekYonhap News Agency
- 규제합리화위원회 1차 전체회의 관련 전은수 대변인 브리핑Office of the President of the Republic of Korea (Cheong Wa Dae)
AI-assisted article checked against the listed sources. NewsJaws did not conduct interviews or attend the reported events.