• KITA - Regulation Improvement Team Held ‘Trade Industry Regulation Improvement conference’
    2019-10-31 hit 1132

    KITA - Regulation Improvement Team Held ‘Trade Industry Regulation Improvement conference’

    - Conveyed 12 tasks to improve, including reduction of chemicals to register, improvement of the system to shorten working hours, etc. -


    The Korea International Trade Association (Chairman: Kim Young-ju) and the Public-Private Joint Regulation Improvement Team of the Office for Government Coordination co-hosted ‘Trade Industry Regulation Improvement Conference’ on October 31st at the Trade Tower in Samseong-dong.

    At the conference, more than 20 participants, including five exporting companies, and representatives from government agencies such as the Public-Private Joint Regulatory Improvement Team (hereinafter referred to as the Promotion Team), the Regulatory Reform Committee, and the Ministry of SMEs and Startups, attended and shared difficulties at trade field and major challenges caused by regulations and discussed ways to improve.

    Trade industry suggested reduction of number of chemicals to register and relaxation of application,  tax support for medical expansion to overseas, improvement of system to shorten working hours for small startups,  simplification of compulsory education and safety management,  relaxation of loan restriction on working capital from government and financial institutions,  relaxation of application standards for SMEs, and  expansion of opportunities to stay for foreign workers as challenging tasks.

    Lee Dong-ki, executive managing director of the Innovation & Startup Group at KITA, said, “As the regulatory improvement team and the representatives of the government and export companies gathered together, there were meaningful discussions on regulatory innovation. He added, “Private and public sector will endeavor to work together to resolve even the smallest difficulties in the export sites.”

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