President Lee to chair second Regulatory Rationalization Committee meeting on Oct 23
In short
President Lee Jae-myung will chair the second plenary meeting of the Regulatory Rationalization Committee at Cheong Wa Dae on the 23rd, Cheong Wa Dae said on the 20th. The meeting will discuss regulatory changes for advanced industries, regional growth and startups, and more than 100 people are expected to attend.
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President Lee Jae-myung will chair the second plenary meeting of the Regulatory Rationalization Committee at Cheong Wa Dae on the 23rd, Cheong Wa Dae said on the 20th. It will be the first plenary meeting since April, about six months after the first. Newsis said the committee is a presidential body whose chair is the president ex officio, and that it is the second time Lee has presided over it since taking office. [ 2 , 3 , 4 , 5 ]
The meeting is to discuss regulatory rationalization for nurturing advanced industries, regionally led growth and the transition to a national startup era. In the first session, the Office for Government Policy Coordination will report on the direction of regulatory rationalization to support megaprojects and the "5-pole 3-special" (5극3특) growth engines. Ministries will then present ways to remove regulatory obstacles in robots, semiconductors, AI data centers, autonomous vehicles and bio. [ 2 , 4 , 5 , 6 ]
The second session is on the transition to a national startup era. The Ministry of SMEs and Startups will present a plan on regulation for startups. Seoul Economic Daily and Asia Economy said the Office for Government Policy Coordination and the land and climate-energy ministries will also present a plan to redesign administrative documents for startups, with key cases. Yonhap said free discussion among committee members, companies and experts will follow each session. [ 2 , 4 , 5 ]
More than 100 people from the private sector, government and Cheong Wa Dae are expected to attend. The private side includes three vice-chairs and 25 private members, plus more than 40 companies and experts invited to give on-site difficulties and suggestions. Seoul Economic Daily and Asia Economy said 17 government officials will attend, including the prime minister, ministers and vice-ministers, and heads of agencies. KTV will broadcast the discussion live. [ 2 , 4 , 5 , 6 ]
Asia Economy said the first meeting, on April 15, had about 60 attendees, and that the government then overhauled its regulatory reform system for the first time in 28 years, raising the chair from the prime minister to the president and widening private participation. SBS News likewise said the body was reorganized from the Regulatory Reform Committee after 28 years. Asia Economy also said the government set a goal in April of cutting unnecessary administrative documents for early-stage companies by at least 50%. [ 5 , 6 ]
Why it matters
The meeting follows the committee's first session in April and is meant to turn the regulatory reform direction set then into measures for specific industries. The documents do not say what measures will be adopted.
Key facts
- Lee Jae-myung will chair the Regulatory Rationalization Committee's second plenary meeting at Cheong Wa Dae on the 23rd; Cheong Wa Dae announced it on the 20th. [ 2 , 3 , 4 , 5 , 6 ]
- The first plenary meeting was held in April, about six months earlier. [ 2 , 4 , 5 , 6 ]
- The agenda covers nurturing advanced industries, regionally led growth and the transition to a national startup era. [ 2 , 4 , 5 , 6 ]
- Ministries will present ways to remove regulatory obstacles in robots, semiconductors, AI data centers, autonomous vehicles and bio. [ 2 , 3 , 4 , 5 , 6 ]
- The Ministry of SMEs and Startups will present a plan on regulation for startups. [ 2 , 4 , 5 , 6 ]
- More than 100 people from the private sector, government and Cheong Wa Dae are expected to attend, including 40-plus invited companies and experts. [ 2 , 3 , 4 , 5 , 6 ]
- KTV will broadcast the proceedings live. [ 2 , 4 ]
Confirmed by several sources
- Lee Jae-myung will chair the second plenary meeting of the Regulatory Rationalization Committee at Cheong Wa Dae on the 23rd. [ 2 , 3 , 4 , 5 , 6 ]
- The first session will hear a report from the Office for Government Policy Coordination, followed by ministry presentations on regulatory problems in robots, semiconductors, AI data centers, autonomous vehicles and bio; the second will open with the SMEs and Startups ministry's startup regulation plan. [ 2 , 4 , 5 , 6 ]
- About 100 or more people are expected to attend and KTV will broadcast live. [ 2 , 4 , 6 ]
Still unclear
- Which specific regulatory changes will be announced on the 23rd. The documents describe only the agenda and the titles of the reports, not their content.
- How the April reform changed the committee. Only Asia Economy and SBS News describe the April restructuring (a 28-year-old body, chair raised from prime minister to president); the others do not mention it.