President Park calls for deregulation to stimulate economic growthUpdated: 2014-02-06 PM 2:38:39 (KST)
President Park Geun-hye is demanding the government step up its game to deregulate the economy and to overturn abnormal practices and policies.
Kicking off a series of annual policy briefings from government agencies at the presidential office of Cheong Wa Dae on Wednesday, the president ordered ministries to determine the difficulties companies are facing and devise methods to help them, by capping the number of regulations placed on them.
She also urged the Office of Government Policy Coordination to have the spirit of the "jindo," a breed of hunting dog from Korea that won't let go until it removes a piece of flesh.
"To abolish abnormal practices, it's important to pursue even a small task, until the root of the abnormality is uprooted."
President Park also told government agencies to fully concentrate on drastically reforming regulations holding businesses back so the economy has room to flourish.
She also stressed the need to correct lax management and establish laws to eradicate corruption.
The president also spoke about hundreds of economy-related bills sitting the National Assembly, saying all the efforts put into drafting them will count for nothing without parliament's support.
The policy reports will run through February 24th, with President Park scheduled to receive a total of nine policy reports from over 20 government ministries, commissions and agencies.
Shin Se-min, Arirang News.
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