KCCI-Regulatory Innovation Promotion Team to Hold Policy Meeting on 'Regulatory Innovation Legislation' on the 28th

Business Community Submits Legislative Proposals for Regulatory Innovation

[Asia Economy Reporter Hwang Yoon-joo] Along with the business community, the Regulatory Innovation Promotion Team of the Democratic Party of Korea will hold a policy meeting on corporate regulatory innovation legislation with the Korea Chamber of Commerce and Industry (KCCI). At this meeting, the business sector plans to convey their recommendations to the Regulatory Innovation Team.

According to sources from the business and political circles on the 27th, the Democratic Party's Regulatory Innovation Promotion Team will hold a "Policy Meeting on Regulatory Innovation Legislation" at 11 a.m. on the 28th at the KCCI in Jung-gu, Seoul.

A Democratic Party official explained, "Party officials including Kim Tae-nyeon, the floor leader and head of the team, Hong Ik-pyo, chairman of the Policy Committee, Yoo Dong-soo, senior deputy chairman, and secretaries of related standing committees will meet with the KCCI to explain corporate regulatory innovation legislation and listen to the opinions of the business community."

Kim, the floor leader who heads the party's Regulatory Innovation Promotion Team, stated at the first plenary meeting on the 15th, "The Democratic Party and the government will complete a Korean-style regulatory innovation platform to introduce a global leading country model," adding, "This year, regulatory innovation will proceed broadly and rapidly."

Earlier, the KCCI delivered a legislative list containing about 20 demands from the business community to the Democratic Party. It is also known that the five regulatory sandbox laws (Industrial Convergence Act, Special Act on Regulatory Free Zones, Innovative Finance Act, Smart City Act, and ICT Convergence Act) will be discussed.

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