The government said Wednesday it will scrap the Large-Scale Retail Stores Law law, which restricts operations of large-scale retailers, and implement new rules to protect the surrounding neighborhood when new large retail stores are opened.

The move, aimed at replacing existing economic regulations with social restrictions, is in line with a final report by a joint government panel under the Ministry of International Trade and Industry. The report says the law, which is intended to protect small retailers by limiting the operations of large retailers, should be replaced by new policies that meet the needs of local communities and residents.

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