President Park Geun-hye on Wednesday urged officials to speed up efforts to eradicate old and unnecessary regulations to resolve inconveniences for the public, lure investment and create high-quality jobs.
During a meeting held at Cheong Wa Dae, the president stressed that Korea does not have much time left to decide how to achieve future growth and that regulatory reforms would help the country achieve economic success. The president also urged officials to use creative thinking rather than simply turning down public demands to remove regulations.
“Countries around the world are in a heated competition for deregulation to attract investment and create jobs,” Park said at a televised meeting on regulatory reform.
“We can’t help but have a sense of crisis over our deregulation efforts, whether we were complacent or tardy about them,” she said.
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Monday, September 8, 2014
SOUTH KOREAS PRESIDENT CALLS FOR FURTHER DEREGULATION AFTER YEARS OF OUT OF CONTROL REGULATION THAT HAS STRANGLED BUSINESS AND NOW CAN BENEFIT ITS POPULATION AND CREATE A BETTER BUSINESS ENVIRONMENT FROM OVER RESTRICTIVE REGULATION WITH A BALANCE FORM THEREOF THAT HELPS THE ECONOMY GROW –THE THROWBACK REMEMBRANCE OF THE REAGAN ERA THAT PROPELLED THE GREATEST US ECONOMIC EXPANSION
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