S Korea to lift regulations to boost exporters

15 October, 2019 12:00 AM printer

SEOUL: The government plans to eliminate various regulations that hinder the development of new technologies and overseas expansion of local firms amid the recent economic uncertainties, South Korea’s top financial policymaker said Monday.

It is proposed to allow overseas affiliates of securities companies to take loans from Korean lenders, simplify the screening procedures for chemical facilities, and alleviate the authentication of certified industrial robots, report agencies.

Deputy Prime Minister and Finance Minister Hong Nam-ki speaks during a ministerial meeting on Monday. (Ministry of Economy and Finance).