President Lee calls for swift overhaul of obsolete rules hindering high-tech growth

At the second plenary of the regulation rationalization committee, President Lee Jae Myung pressed for swift and decisive changes to outdated regulations that hinder the emergence of advanced sectors such as semiconductors and artificial intelligence. He argued that while fresh regulations may be required to protect public safety, fairness and transparency, any legacy rule that obstructs innovation should be promptly removed.

Lee highlighted the administration's ambition to secure a leading position in global high-tech markets and to promote balanced development across regions. He pointed to planned megaprojects, including a semiconductor cluster and AI facilities outside the capital, as catalysts for regional growth. Additionally, the president called for eliminating administrative hurdles that impede venture-business formation, noting their potential to generate jobs and boost the economy.