FSC Chairman’s “Red Tape Challenge Tour #1”

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“We will abolish unreasonable regulations right away”
“Red tapes will be reduced immediately so that all of you can do your business in a more friendly environment”

FSC Chairman Shin Je-Yoon expressed his strong commitment to cut red tapes hampering business environment for venture companies. During “Red Tape Challenge Forum” held at D.Camp, a center for young entrepreneurs co-established by banks, more than dozen of financial experts, officials from financial corporations and entrepreneurs freely shared ideas and opinions on current red tapes and ways to reduce them.

“I hope more investment fund flows into venture companies”
“Please put more efforts in creating an environment for young students to do business”
Participants eagerly gave out their suggestions and expectations toward the government.

The Park Geun-hye administration is committed to reducing red tapes in all sectors of business to lay a foundation for Creative Economy, one of the new administration’s flagship policy targets.

Chairman Shin will prepare such occasions more frequently in which various groups of economic players discuss and raise opinions on ways to overhaul the current regulations.

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