The South Korean Government Has Made Regulations For Development And Simplification.

The government's overly complicated regulations are expected to be reduced to 1/10.

In order to evaluate the technological innovation of knowledge economy, the 30000 party will start operation at the same time.

The Ministry of knowledge economy, 29, said that in order to make R&D more efficient and to reduce the pressure of research institutions, it would reduce the 110 related provisions to 11.

Due to the lack of liquidity in small businesses, the cost burden of cash above 10% is over 2.5%.

Streamlining the amount to 200 billion yuan.

A 9 month cash payment grace period will also be prepared. A spokesman for the Ministry of knowledge economy said: the provisions of the adaptation will start trial in January next year, and will tell the relevant SMEs and research institutions to participate without worry.

Yang Jing: editor in charge