President Moon to promote regulatory sandbox initiative, underline its significance
- 5 years ago
President Moon Jae-in is chairing a cabinet meeting as we speak.
We are hearing he will directly address the significance of and his expectations for the "regulatory sandbox" that's being implemented for the first time,... in an effort to boost the economy.
The meeting comes a day after the Ministry of Trade, Industry and Energy announced its approval of regulatory exemption applications from four companies.
The initiative intends to cultivate a friendlier environment to develop new industries by exempting or suspending regulations for a certain period of time.
President Moon has earlier said the system should be based on the premise that anything will be approved as long as it poses no direct danger to the lives, safety, and health of the people.
We are hearing he will directly address the significance of and his expectations for the "regulatory sandbox" that's being implemented for the first time,... in an effort to boost the economy.
The meeting comes a day after the Ministry of Trade, Industry and Energy announced its approval of regulatory exemption applications from four companies.
The initiative intends to cultivate a friendlier environment to develop new industries by exempting or suspending regulations for a certain period of time.
President Moon has earlier said the system should be based on the premise that anything will be approved as long as it poses no direct danger to the lives, safety, and health of the people.