Gov't Vows Deregulation to Support Corporate Investment Projects

Write : 2018-06-08 11:46:45 Update : 2018-06-08 11:55:58

Gov't Vows Deregulation to Support Corporate Investment Projects

Finance Minister Kim Dong-yeon said Friday that the government will actively ease regulations to help companies swiftly launch massive investment projects that will create more jobs. 

Speaking at a meeting of heads of economy-related ministries in Seoul, Kim said that the government will focus its efforts on accelerating deregulation and innovation to produce tangible results, mentioning President Moon Jae-in's recent calls for speedy implementation of policies for innovation-led growth. 

Kim stressed that innovation should be led by businesses and the market, and the government should provide full support with proper policies. 

The government has previously announced it would provide funding and other incentives to eight key sectors, including smart cities, drones and electric vehicles and artificial intelligence.  

Kim also called for efforts to reform the structure of the labor market and to foster talents in the rapidly changing society. 

The minister said that the government will soon produce and release measures to stabilize the labor market.

[Photo : YONHAP News]

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