Govt. completes 70% of regulatory reforms planned for 1st half of 2014Updated: 2014-07-09 16:31:48 (KST)
The Korean government carried out 70 percent of the regulatory reforms that it had planned for 2014 in the first half of the year.
The Ministry of Strategy and Finance said Tuesday it revised 19 out of 27 regulations, including easing restrictions on food trucks and increasing support for small and medium-sized enterprises dealing with chemicals.
Regulations that still need work are removing blockages to the growth of SMEs and allowing the construction of manufacturing plants within complexes near harbors.
The government plans to complete reforms on most of the regulations by the end of the month.
Deregulation has been high on President Park Geun-hye's economic agenda in her efforts to spur business activities and corporate investment.
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