Investment Regulation Center of Sangui Resolves 47 Corporate Field Difficulties in the First Half of the Year

"Enhancing Perceived Impact of Regulatory Improvements Through Public-Private Cooperation"

The Korea Chamber of Commerce and Industry (KCCI) announced on the 11th that its Investment and Regulatory Difficulty Reception Center received 158 cases of on-site corporate difficulties in the first half of this year and resolved 47 of them.

This center was established and operated by KCCI from November last year under the directive of the Prime Minister as a channel to receive on-site suggestions. It continuously accepts applications regarding corporate on-site regulations and investment difficulties through seven regional centers nationwide (Seoul, Busan, Daegu, Incheon, Gwangju, Daejeon, Ulsan).

Regulatory difficulties are reviewed by the relevant ministries under the Office for Government Policy Coordination, which then provides feedback on the results, while investment difficulties are resolved by the Ministry of Trade, Industry and Energy through stakeholder consultations and on-site inspections.

KCCI selected 10 representative cases of resolving on-site difficulties, including the relaxation of regulations on solar power facility installation. One company developed a building-attached product that increased power generation per area by using east- and west-facing solar modules, but the product could not be installed domestically due to regulations requiring solar modules to be installed facing due south. In response, the center is promoting a plan to gradually relax or abolish the regulation on sunlight exposure direction.

Relaxation of location restrictions for new industry sectors is also underway. In the Gwangyang Donghoan Industrial Complex, factories related to new industries such as secondary battery materials and hydrogen production cannot be established. Only steel-related industries are allowed to settle, and leasing to partner companies is restricted to within 10%. KCCI stated, "We are discussing regulatory relaxation to ensure that the enforcement decree can be amended within this year."

Through this status check, KCCI plans to regularly review tasks that received opinions of "difficult to accept" during ministry reviews and re-propose reasonable tasks.

Lee Sang-heon, head of KCCI’s Regulatory Innovation Team, said, "We will continue to closely cooperate with the government to activate this channel as a means to discover killer regulations and various on-site difficulties that hinder corporate activities."

Companies experiencing regulatory or investment difficulties on-site can contact KCCI or the seven regional chambers of commerce.

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