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Policy directions for regulatory reform in Korea

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Frame of Image rtial or minor details such as a reduction
Policy Directions for Regulatory Reform in Korea
i n the number of documents and/or curtailment of processes, so comprehensive and systematic measures were insufficient, leaving key areas unchanged. The period during which full scale regulatory reform was implemented in Korea was the early stages of the ‘people’s government’(Kim Dae-Jung Administration), which began in 1998. The people’s government noted that there were too many regulations, and implemented significant regulatory reform for quantitative aspects, with policy focusing on reducing the number of regulations. Under the ‘participatory government’(the Roh Mu-Hyun Administration) the Regulatory Reform Task Force Team was established to reform existing regulations, which was urgently requested by firms and citizens, whose economic impact is significant and whose concerns of relevant issues affected multiple ministries. Despite the efforts of both the People’s and Participatory Governments, the sentiment of both firms and the people has not improved significantly. The MB government officially began in 2008 and emphasized the actual sentiment of firms and peoples on regulatory reform, setting up the regulatory reform
May / June┃2008┃Vol 13┃No 3
13
policy direction in the following ways: first, regulations on economic concentration in the Fair Trade Law should be handed over to the finance and stock related laws, changing the characteristics of the Fair Trade Law to those of the


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Title Policy directions for regulatory reform in Korea
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Material Type Reports
Author(English)

Cho, Chang Hyeun

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2008
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13(no. 3)
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Government and Law < Public Administration
Holding KIET; KDI School

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