Prime Minister of Korea "We must speed up regulatory rationalization... National growth through regional innovation" (comprehensive)

Daejeon Chamber of Commerce visit and meeting… “Comprehensive financial, financial and tax support”

Improved regulations, including allowing bakery manufacturing companies to move into Daejeon industrial complex

(Seoul = Yonhap News) Reporter Lee Sang-hyun = Prime Minister Han Seong-sook said on the 12th regarding the issue of regulatory innovation, "I think that regulations should be processed and resolved at a faster pace in a situation where things are changing at a really fast pace."

Prime Minister Han mentioned this at a meeting on business regulation rationalization held at the Daejeon Chamber of Commerce and Industry on the 12th.

First, he said, "Using the Republic of Korea broadly, discussions are becoming very active on how to shift the axis of growth concentrated in the metropolitan area to the region and lead to growth of the entire nation through regional innovation," and added, "The Chungcheong region is at the center of it."

He then introduced, “The Regulatory Rationalization Committee is moving to rationalize regulations in terms of how much to relax and how much to strengthen,” and added, “We are pushing for the enactment of the Ultra-Metropolitan Special Zone Act to foster local high-tech industries and drive local-led growth.”

He also explained, “On the one hand, some say that it is a law aimed at rationalizing regulations that contains too many regulations (special provisions) all at once, but the government is moving for balanced regional growth and development with that level of determination.”

He emphasized, "I will tell you that (the government) is really focusing on how companies will invest and jobs will be created in the region through overall support in terms of finance, finance, and taxation."

Jeong Tae-hee, chairman of Daejeon Chamber of Commerce and Industry, said, "High-tech reform is good, but I think high-tech companies can also upgrade to the next level if they pay attention to sub-managers and basic companies."

He continued, "The reality is that too many things come together in the metropolitan area, causing many problems and the region is disappearing," and added, "As a person in the region, I think, 'Isn't Daejeon one of the neglected regions?' Please listen carefully to the stories of local companies."

Daejeon Mayor Heo Tae-jeong also expressed his wish, saying, “In the case of the Daejeon industrial complex, there is a limit to industrial land that can ‘make rice cakes but not bread,’” and added, “It would be good to allow various start-up activities and integration through relaxation of Daedeok Special Zone regulations.”

At the subsequent meeting, improvement measures were discussed for suggestions related to regulations on companies' industrial complex locations, regulations on commercialization of biotechnology, and investment bottlenecks in high-tech industries.

As a result of the discussion, Daejeon Metropolitan City decided to prepare a plan to minimize the environmental impact of bread manufacturing in the future and allow occupancy in the Daejeon Industrial Complex, while also preparing a plan to improve the overall occupancy restrictions for industries next year.

In addition, the government is improving the standards for occupancy of rental AI (artificial intelligence) data centers and adding solar power generation to the industries allowed for occupancy in the International Science Business Belt hub district.

In addition, it was decided to improve regulations on the use of elevators by self-driving robots and to expand the circular use of by-products from the secondary battery process.