Korea Imported Automobile Association Expands English Vehicle-Related Regulation Service to External Parties
Support for Market Entry of Overseas Automobile Manufacturers and Parts Companies
[Asia Economy Reporter Yoo Je-hoon] The Korea Automobile Importers & Distributors Association (KAIDA) announced on the 1st that it will expand its paid English legal regulations service related to automobiles, which was previously provided only to member companies, to the public.
Since its establishment in 1995, KAIDA has been translating domestic automobile-related regulations enacted by the Ministry of Land, Infrastructure and Transport, the Ministry of Environment, the Ministry of Trade, Industry and Energy, and the Ministry of Foreign Affairs into English and providing them to its members.
This service expansion is part of efforts to realize the 'enhancement of transparency' and 'contribution to the domestic automobile industry,' which were included in the five key directions announced by KAIDA at a press briefing last July. Through this expansion, KAIDA plans to strengthen accessibility to domestic automobile-related regulations for various stakeholders such as overseas automobile manufacturers, parts suppliers, and specialized consulting firms, while supporting smooth market entry.
The currently established English legal regulations database (DB) includes laws and subordinate regulations such as the Automobile Management Act and its enforcement decree and rules under the jurisdiction of the Ministry of Land, Infrastructure and Transport, as well as the Atmospheric Environment Conservation Act and its enforcement decree and rules under the Ministry of Environment. This DB is continuously updated and additional translation work is ongoing.
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Im Han-gyu, Vice Chairman of KAIDA, stated, "Through this service expansion, we will not only contribute to the external opening of the Korean automobile industry and market but also establish ourselves as a trusted channel for domestic and international related industries seeking access to Korean automobile-related regulations, as a responsible professional organization that transparently provides accurate information."
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