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Seoul Eyes Deregulation, More Support for Drone Industry

According to Yonhap News,

(SEJONG=Yonhap News) The government will accelerate deregulation efforts and iron out more measures to help nurture the local drone industry, a senior finance ministry official said Thursday.

In a meeting with businessmen in the sector, Deputy Finance Minister Ko Hyung-kwon said the government will earmark funds and provide tax incentives to boost the industry.

The drone industry is one of key sectors that the Moon Jae-in administration is eager to develop as a driver for the country's innovative growth.

The government is currently working on reducing red tape and regulations that hamper the industry's growth.

The government is planning to let public agencies buy some 4,000 drones by 2021.

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Source Text

Source: Yonhap News (May. 03, 2018)

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