Minister of Small and Medium Enterprises and Startups Lee So-young announced on the 20th in Jeju that the government will actively identify and improve unreasonable regulations hindering corporate innovation and challenges. Speaking in Jeju, Minister Lee emphasized the importance of expanding opportunities for small and medium-sized enterprises (SMEs) to participate in national growth projects. The ministry plans to proactively discover and rectify regulations that impede business activities and foster a more dynamic entrepreneurial environment. This initiative aims to support the growth and competitiveness of SMEs, acknowledging their vital role in the South Korean economy. Minister Lee’s statement signals a commitment to streamlining regulations and creating a level playing field for businesses of all sizes within South Korea. The focus will be on removing obstacles and encouraging innovation across various sectors.