Cho Seung-hwan, Minister of Oceans and Fisheries, "Creating an Efficient Market Economy through Regulatory Innovation"

1st Regulatory Innovation Strategy Meeting
"Early Delivery of Tangible Results for the People"

Cho Seung-hwan, nominee for Minister of Oceans and Fisheries, is attending a confirmation hearing held at the National Assembly on the 4th, responding to questions from lawmakers. Photo by Yoon Dong-joo doso7@

[Asia Economy Sejong=Reporter Dongwoo Lee] Cho Seung-hwan, Minister of Oceans and Fisheries, announced on the 27th that he will preside over the 'Public-Private Joint Regulatory Innovation Strategy Meeting in the Marine and Fisheries Sector' at the Government Sejong Complex.

The first Regulatory Innovation Strategy Meeting is the highest-level governance consultative body for regulatory innovation in the marine and fisheries sector. It is composed of 15 members, including heads of major industry and association groups by sector and private experts, to discuss and finalize regulatory innovation tasks.

The regulatory innovation tasks proposed by the Ministry of Oceans and Fisheries for this agenda were discovered through the Regulatory Innovation Task Force (TF) and a public contest. They include six major core tasks of large scale (43 detailed tasks) in areas such as marine leisure tourism, marine new industries, and port operations, as well as 37 general tasks, totaling 80 tasks.

Among the discovered tasks, those requiring cooperation with other ministries will be actively negotiated, and the Ministry plans to manage task implementation together with the Office for Government Policy Coordination, which oversees regulatory innovation.

Minister Cho said, "We have strived to identify marine and fisheries regulations centered on the field and demand side to maximize private autonomy and creativity, promote an efficient market economy, and stabilize people's livelihoods." He added, "We will produce tangible results that the public can feel early through thorough implementation management of the finalized tasks."

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