President Lee Presides Over First Regulatory Rationalization Committee Meeting Today... Presents Regulatory Reform Roadmap

President Lee Expands Regulatory Rationalization Committee as a Presidential Body
Three Divisions to Address Public Welfare, Growth, and Regional Issues
Structural Reform Roadmap to Be Detailed for Six Key Sectors Including Finance, Education, a

On April 15, President Lee Jaemyung will preside over the inaugural meeting of the Regulatory Rationalization Committee at the Blue House, where he will review tasks across various sectors. During the meeting, the roadmap for regulatory rationalization under the Government of Sovereign People is expected to be presented.

Yonhap News

The Regulatory Rationalization Committee, which previously operated under the Prime Minister, was expanded and reorganized as a presidential committee following the inauguration of the Lee administration. President Lee appointed Vice Chairs from a wide range of backgrounds to ensure a diversity of perspectives in regulatory reform: Park Yongjin, a former politician; Namgoong Beom, a former executive at Samsung Electronics; and Lee Byungtae, an honorary professor at KAIST. Vice Chair Park Yongjin is primarily responsible for public livelihood issues, Vice Chair Namgoong Beom for economic growth, and Vice Chair Lee Byungtae for regional affairs.

Government officials attending the meeting include the heads of agencies such as the Ministry of Science and ICT, Ministry of the Interior and Safety, Ministry of Agriculture, Food and Rural Affairs, Ministry of Trade, Industry and Energy, Ministry of Health and Welfare, Ministry of Environment, Ministry of Employment and Labor, Ministry of Land, Infrastructure and Transport, Ministry of Oceans and Fisheries, Ministry of SMEs and Startups, the Fair Trade Commission, the Financial Services Commission, and the Ministry of Government Legislation. From the Democratic Party of Korea, Floor Leader Han Byungdo and Policy Committee Chair Han Jeongae will participate. The government and the ruling party are expected to share the regulatory reform roadmap and review legislative agendas and other related tasks together.

The meeting will begin with a presentation by the policy chief, outlining the direction for regulatory structural reform under the Government of Sovereign People and strategies for promoting mega-special zones to support the "Five Core Regions and Three Special Zones" initiative. A roadmap for regulatory rationalization to foster advanced industries such as artificial intelligence (AI) and semiconductors, which are linked to these initiatives, is also expected to be announced. In particular, as President Lee emphasized the need for regulatory reform in six key areas—finance, public sector, pensions, education, labor, and others—at the end of last year, discussions related to these topics are expected to gain momentum.

Meanwhile, prior to the meeting, President Lee plans to present letters of appointment to Vice Chairs Park Yongjin, Namgoong Beom, and Lee Byungtae.

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