Ministry of Agriculture, Food and Rural Affairs "Completed Revision of 16 Regulatory Innovation Tasks by Year-End"

[Image source=Yonhap News]

[Image source=Yonhap News]

View original image


[Sejong=Asia Economy Reporter Moon Chaeseok] The Ministry of Agriculture, Food and Rural Affairs announced on the 12th that it will expand the Regulatory Responsibility of Proof System, which mandates the abolition of regulations if the reason for maintaining them cannot be proven, to six affiliated public institutions including the Korea Rural Community Corporation. They stated that they plan to complete the revision of 16 regulatory innovation tasks by the end of the year.


The institutions where the Ministry of Agriculture, Food and Rural Affairs decided to implement the Responsibility of Proof System are the Korea Rural Community Corporation, Korea Agro-Fisheries & Food Trade Corporation (aT), Korea Racing Authority, Livestock Products Quality Evaluation Institute, Korea Institute of Planning and Evaluation for Technology in Food, Agriculture, and Forestry, and Korea Agency of Education, Promotion and Information Service in Food, Agriculture, Forestry and Fisheries. Among the 47 regulatory innovation tasks prepared by the regulatory proof committees of each public institution affiliated with the Ministry, which reviewed internal regulations and provisions equivalent to regulations, 31 have been revised, and 16 are planned to be revised by December.


Representative improvement tasks confirmed through the Responsibility of Proof System in the six institutions include ▲ lowering the eligibility for farmland stock lease support from age 20 to age 18 and easing requirements ▲ reducing the overdue interest rate on agricultural production infrastructure usage permits from 12-14% per annum to 7-10% per annum ▲ abolishing mandatory credit checks for flower buyers at flower auction markets ▲ expanding rewards for reporting horse racing misconduct, among others.



Yoon Wonseup, Policy Planning Officer at the Ministry of Agriculture, Food and Rural Affairs, said, "Since 2019, the government has promoted the Responsibility of Proof System, and by expanding and applying it to public institutions affiliated with the Ministry of Agriculture, Food and Rural Affairs, we expect it to greatly help alleviate public inconvenience and strengthen support for the livelihood economy."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing