Busan City Uses "Eliminate or Overhaul" Regulatory Innovation Strategy

Launch of the 'Post-Corona' Economic Revitalization Strategy Campaign

Promotional poster for regulatory innovation distributed by Busan City.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Post-Corona response strategy? Regulatory innovation is the answer.

Busan City has identified groundbreaking regulatory innovation as a response strategy to revitalize the local economy after the COVID-19 pandemic and decided to launch a “Regulatory Innovation Promotion” campaign to publicize this effort.

The city announced on the 26th that the first campaign will be held on the 27th at 8 a.m. in the lobby of the first floor of City Hall, targeting general citizens and public officials.

This campaign will be conducted in line with the “Regulation Reform Day,” held on the last Wednesday of every month. The slogan is “Smart Regulatory Innovation, Bolder and Faster!”

The goal is bold and proactive regulatory reform to achieve tangible results and improve public perception of regulatory innovation. To foster this atmosphere, the campaign will include promotional activities and distribution of souvenirs and promotional materials.

Prior to this, on the 20th, Busan City established a three-stage response strategy for the post-Corona era and launched a large-scale regulatory innovation initiative.

To revitalize the local economy, which has been stagnant due to COVID-19, the city has been swiftly implementing measures such as on-site consulting and discovery of corporate regulations, strengthening step-by-step feedback from discovery to improvement, focusing on digital economy and non-face-to-face economy sectors in response to post-Corona, shortening administrative processing deadlines, and operating concentrated regulatory discovery periods. The city aims to overcome the economic crisis through a phased strategy of bold regulatory innovation.

On the 27th, Busan City will also hold a joint “Regulation Reform Report Meeting” with companies, resident participation groups, and related organizations to quickly find solutions to proposed issues.

Additionally, the city has launched a “Visiting On-site Regulatory Reporting Center” to directly visit companies, listen to their difficulties, and work on improvements. A “Regulatory Innovation Expert Consulting Group” will also be operated to disseminate excellent cases of regulatory innovation.

A Busan City official said, “Starting with this campaign, we plan to alleviate inconveniences in the daily lives of Busan citizens and quickly resolve difficulties faced by local companies to accelerate the revitalization of the economy.”

This content was produced with the assistance of AI translation services.