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South Korea's President Lee Signals Deregulation Drive, Aims for Policy Sync with Big Businesses

Summary by The Korea Times
President Lee Jae-myung held his first meeting with the heads of Korea’s top business groups, Friday, pledging to eliminate unnecessary regulations and establish a new channel for policy coordination. Framing his administration as an ally of the private sector, Lee called for mutual trust and emphasized that “support and encouragement — not control — will define the government’s role in the economy.” Just nine days into his presidency, Lee conve…

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Recently, information has been spreading on Korean social media that Mr. Lee Jae Myung was elected president thanks to China's intervention. However, this information is completely false.

"Boldly reorganize regulations for unnecessary administrative convenience"

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연합뉴스-Yonhap News Agency broke the news in Korea, Republic of on Friday, June 13, 2025.
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