South Korea is planning to lift industrial regulations to stimulate private investment worth USD231m, according to the Ministry of Economy and Finance. The move, aimed at invigorating five projects, including production line construction, comes amidst a decline in exports and weakened business sentiment. Finance Minister Choo Kyung-ho confirmed the government's preparation of 30 measures to boost exports, including enhancing the competitiveness of the chip and K-content industries. The plan also includes relaxing environmental regulations for polluting companies relocating to Ulsan's industrial complex and increasing industrial water capacity in Sejong. Additionally, the government will equalize education requirements for foreign and local online language instructors, reducing barriers for education startups.
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