DAEGU < invest Korea

(DAEGU=NEWSIS)Daegu announced September 22 to respond to regulatory reforms on investment promotion and job creation to revitalize the regional economy.

Daegu Mayor Kwon Young-Jin will hold a special executive meeting on regulatory reform to become the leading city in reforming regulations through the creative economy.

The City found 268 regulations, which hold back the promotion of corporate investment and job creation and worsen the lives of ordinary people, and made suggestions to the central government.

Daegu will revise a total of 649 regional regulations including 367 ordinances, 150 regulations, 96 orders and 36 established rules.

"We will focus on creating a corporate friendly environment to seek more investment from companies by reforming the regulations, which is the way to realize creative economy,” said Mayor Kwon.

jukim@newsis.com

Source Text

Source: Newsis (September. 22, 2014)

** This article was translated from the Korean.