President to hold special meeting on deregulation SEOUL , Jan . 22 ( Yonhap ) -- President Moon Jae - in was set to hold a special meeting with top government and ruling party officials Monday to discuss ways to ease government regulations and promote the development of new advanced industries . The meeting slated for 10 a . m . at the presidential office Cheong Wa Dae will involve 59 officials from the government , the ruling Democratic Party and private think tanks , according to Cheong Wa Dae officials . The meeting will start with reports from government ministers on government efforts to promote innovation in four areas , including energy and self - driving cars . It will be followed by a 50 - minute discussion session when the participants will offer their ideas on ways to further develop those areas and which regulations they could do without , the Cheong Wa Dae official told reporters . The president earlier promised to introduce what he called a " regulatory sandbox " for newly emerging industries , under which businesses will only be subject to a strictly specified set of regulations for a set period of time . " We ' re going to create an innovative ecosystem where startups prosper and new industries are created , " Moon said . " We will introduce a regulatory sandbox so that companies in new industries can do business without regulations for a specific period of time . " bdk @ yna . co . kr ( END )