Regulatory Policy in Korea

Towards Better Regulation

image of Regulatory Policy in Korea

Regulatory reform has been a top priority in Korea for several successive administrations. Maintaining momentum for reform in Korea will be essential for producing tangible results and supporting inclusive growth, productivity and innovation. The Regulatory Reform Review of Korea provides key insights into a mature regulatory system and follows two previous Regulatory Reform Reviews of Korea completed in 2000 and 2007. It identifies a number of areas where improvements could help Korea reap the full benefits of the reforms introduced so far.

It stresses the need for a clear strategy for regulatory policy in order to make better use of the resources deployed.


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Implementation and outcome in Korea

This chapter looks at the institutional framework and the mechanisms for the enforcement and inspection for the implementation of regulations, compliance by relevant stakeholders, and appeal processes. It also provides concrete examples of the implementation of regulatory delivery strategies, with a focus on occupational safety and health. Furthermore, it presents current and planned initiatives to monitor and evaluate regulatory performance, such as reviews, surveys, and a futuristic regulatory map. The chapter also looks at the role of local governments in the delivery of regulation


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