The ministerial-level meeting concerning deregulation that President Park Geun-hye vowed to preside over has turned into a much broader discussion between the government and private sector.
At 2 p.m. on Thursday, over 140 government officials businessmen will sit down to discuss the government's push toward deregulation.
Attendees will range from representatives of major economic organizations and large conglomerates to small- and medium-sized companies, who are expected to express their opinions on the reform proposals.
President Park has stressed that deregulation, particularly in the service sector, is a key part of her "creative economy" vision.
She has called repeatedly for lifting and relaxing regulations in a bold manner to help business build on creative ideas, saying deregulation is the "fastest and easiest" way to spur economic growth for the people.
In a speech marking her first year in office last month, President Park reiterated her dedication toward reform.
"I will personally follow and handle each and every procedure related to regulatory reforms through ministerial meetings."
Thursday's four-hour discussion will be televised nationwide, completely unfiltered.
"The discussion will proceed with enough time to discuss all subjects on the table, and the whole process will be open to the media."
After hearing from 20 representatives from the public sector in the first session , experts will present case studies and discuss ways to carry out regulatory reform.
Song Ji-sun, Arirang News.