Ministry of SMEs selects 150 killer regulations squeezing SMEs... "Active improvement in the second half"

If a brewer uses more than 5% of raw materials produced outside the adjacent area, the traditional liquor will not be recognized as a regional specialty liquor. This is due to regulations under the Traditional Liquor Industry Act. The government plans to improve the system by expanding the allowable range of raw materials produced in other regions.

Under current law, door locks can only use alkaline batteries. Door locks with facial recognition functions using secondary batteries cannot be commercialized. The government intends to establish product certification standards for door locks equipped with secondary batteries to improve unreasonable regulations.

The Ministry of SMEs and Startups announced on the 4th that it has selected 150 killer regulations causing difficulties for small and medium-sized ventures and will focus on improving them in the second half of this year.

The Ministry of SMEs and Startups has collected 1,193 tasks proposed by the small and venture business sectors through the 'SME & Venture Killer Regulation Task Force.' Among these, 150 tasks were selected for priority improvement considering the impact and urgency of regulatory improvements.

Regarding the types of regulations, small business owners faced many 'alleyway regulations,' such as mandatory requirements that do not consider the size and characteristics of small businesses, including capital and manpower. Startup and venture companies encountered many 'new industry regulations,' where the system does not keep up with the emergence of new technologies and products. For small and medium enterprises, 'management burden regulations' were typical, including excessive costs and time burdens due to overlapping demands for similar certifications and permits, as well as unclear interpretation and application of regulations.

A Ministry of SMEs and Startups official stated, "For tasks under the ministry’s jurisdiction, we will swiftly and boldly pursue improvements through the task force," adding, "For tasks under other ministries, regulations will be improved through inter-ministerial meetings such as the Economic Regulatory Innovation Task Force (Ministry of Economy and Finance and related ministries)."

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