Through the government’s push to cut red
tape, seventy-four regulations regarding SMEs have been reformed. On Wednesday, the Office for Government Policy
Coordination announced the results of last year’s public-private task force on deregulation. The seventy-four improvements focus on the
work environment, lessening the burden on management and simplifying the administration
process for businesses. The changes mainly affect the hydrogen-fueled
vehicles, drones, virtual reality, and bio-pharmaceutical sectors. In addition, the task force has reformed a
total of one-hundred-and-fifty-three unfair or inefficient regulations through forty-two
meetings and field visits.