Go to contents


President says deregulation is key to job creation

Posted February. 20, 2014 05:02,   


President Park Geun-hye urged ministers on Wednesday to remember that regulation reforms are equal to job creation.

The president emphasized the importation of deregulation during the policy briefing session by the environment, land and maritime ministries that was held in the government complex in Sejong City. She said, “Since regulations related to the land use and maritime affairs account for 31 percent of the total regulations, the success of regulation reforms depends on the three ministries.”

President Park said, “No matter how hard we call for job creation, however, it is of no use without regulation reforms,” adding, “Even in the area of environment, the focus should be placed on creating new industries, new markets and new demands by using new technologies rather than imposing regulations.” She also said, “In the process of drafting the chemical treatment law, feedbacks from relevant industries have not been taken into account sufficiently,” adding, “(We all) remember that a frog may be killed by a stone thoughtlessly thrown to a lake.”

The president pointed out that “frequent outbreaks of ultrafine dust this winter had a harmful influence on the health and life of the Korean people” and asked for the environment ministry’s proactive response to the matter. She also ordered the ministries to “complement disaster safety control systems for the overall land, maritime and environmental areas, regarding the increasing number of chemical accidents and extreme weather events.”

“Active efforts should be made to normalize abnormal practices such as negligent management of state-owned organizations and porkbarrel projects,” the president said, pointing out that the debts of public institutions under the Ministry of Land, Infrastructure and Transport account for almost half of the total debts of public institutions.” The debts of organizations under the land ministry have increased five times over the past 10 years from 47 trillion won (44.41 billion U.S. dollars) to 224 trillion won (210 billion dollars). Regarding the adoption of competitive system in the rail industry, she emphasized that the process “should be based on the understanding and supports of the Korean people by informing the people of reform policies in the public section in a transparent and accurate manner.”