TCCA and K-REACH Transitional Issues

Two subordinate statutes of K-REACH have been issued for public consultation (Chemlinked news 21 Feb 2014). The statutes were drafted based on conclusions made by a task force consisting of industry stakeholders, government officials, experts and NGOs. The development of this program is different from traditional legislative procedures where authorities engage in talks prior to drafting legislative documents, before finally opening them to public consultation. This new legislative method is less likely to face resistance from industry and ultimately more likely to be successfully passed.