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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.

 

English Korean

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The process of designing regulations in Korea

This chapter focuses on the regulation-making procedure in Korea, which includes the roles and responsibilities of each regulatory body for newly introduced, reinforced, or relaxed regulations. It also presents the various initiatives implemented to increase transparency and public access to the regulatory process through engaging with stakeholders and establishing partnerships with the private sector.

English

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