Gov't to roll out follow-up measures for deregulation laws
  • 5 years ago
The South Korean government is introducing follow-up measures for the series of deregulation laws passed last year.
During his weekly ministerial meeting...., Prime Minister Lee Nak-yon said.... the government will respond to companies' queries about regulations within one month.
Companies will also be able to release products that don't comply with regulations in cases where the regulations are too vague or unreasonable and the products are safe.
However, if deregulation measures negatively affect consumer safety,.... the government will revoke the relevant clause... and the burden of proof for incurred damages now falls upon the companies.
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