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Business leader calls for more effort on deregulation

2018/06/15 10:00

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SEOUL, June 15 (Yonhap) -- The head of South Korea's largest business lobbying group on Friday called on the government to put more effort into cutting red tape and creating a business-friendly environment.

"For the past four years, I've submitted lists of nearly 40 deregulation assignments to the government and asked it to reform them," Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry (KCCI), said in a meeting with Finance Minister Kim Dong-yeon. "But most them remain unsolved. Many businesses do not feel that tangible change is taking place."

   He said it is time for the government to actually lift regulations and push for an environment that is more friendly to business.

Finance Minister Kim admitted the slow pace of deregulation initiatives in the first 12 months of Moon Jae-in government.

"The government is focusing on innovative growth, and deregulation is the key driver," said the top economic policymaker. "I will strive to push forward with deregulation in a bid to help the market and businesses feel the change."

  

Finance Minister Kim Dong-yeon (L) holds a meeting with Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry (KCCI), in Seoul on June 15, 2018. (Yonhap) Finance Minister Kim Dong-yeon (L) holds a meeting with Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry (KCCI), in Seoul on June 15, 2018. (Yonhap)

brk@yna.co.kr

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