Business leaders expressed support for the government's announcement of a mega project aimed at revitalizing regulations for super-wide special zones centered on artificial intelligence.
The Korea Employers Federation (KEF) stated in a position paper on October 23 that it strongly agrees with the government's initiative to create a super-wide industrial ecosystem involving robotics, semiconductors, and AI data centers, especially at a time when revitalizing local economies and securing future growth drivers are urgent.
The business community emphasized that the success of the super-wide special zone initiative depends on speed and flexibility, highlighting the importance of adaptable regulations.
Specifically, they identified essential measures for securing global competitiveness, including special work hour exceptions for high-income research and development personnel, the introduction of a fast-track approval process for semiconductors, the establishment of a foundation for the demonstration and commercialization of robotics, and the relaxation of key regulations in autonomous driving and biotechnology.
They also requested active interest and cooperation from the National Assembly and the government to ensure that extensive regulatory exceptions and comprehensive support systems can be swiftly legislated during discussions on the super-wide special zone law.
Meanwhile, President Lee Jae-myung announced that he would personally oversee the on-site challenges related to approvals and permits during the promotion of the three mega projects and the super-wide special zone. The proposed legislation includes a record-high 320 'menu-style regulatory exceptions' and a 'demand-responsive regulatory suspension' that temporarily relaxes regulatory effects upon corporate applications.
* This article has been translated by AI.
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