On the 11th, the Small and Medium Enterprises Ombudsman and Jeonbuk Special Self-Governing Province announced that they signed a memorandum of understanding (MOU) and held a joint meeting.

Choi Seung-jae, Small and Medium Enterprises Ombudsman. /Courtesy of News1

This agreement was made to facilitate central-local regulatory innovation collaboration between the ombudsman and local government. Previously, the ombudsman also signed a regulatory innovation MOU with Gangwon Special Self-Governing Province in October.

Through this agreement, the two institutions plan to strengthen mutual cooperation by establishing a regulatory innovation cooperation system aimed at creating a global bio-economy city in Jeonbuk and revitalizing the local economy, and conducting joint investigations related to regulations.

During the meeting, 10 main issues were discussed, including ▲ easing the distance requirements for accommodation facilities in planned management areas within Jeonbuk ▲ improving the double charging of site usage fees in Saemangeum shared waters ▲ relaxing registration requirements for foreign tourist homestays.

Additionally, discussions were held on tasks to revitalize the local economy, such as easing the concentration criteria for alley-type shopping streets in Jeonbuk and lifting restrictions on the pet food industry in the Iksan National Food Cluster.

Kim Jong-hoon, the Deputy Governor for Economy, noted, "We will continuously improve the regulations that hinder the growth and innovation of corporations and small businesses in the province through the cooperation system with the ombudsman to revitalize the local economy."

Choi Seung-jae, the ombudsman, said, "I will fully support and back the regulatory innovation efforts of Jeonbuk Special Self-Governing Province."

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