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An analysis of the policy formation and decision process in the regulatory reform : The case of electricity supply industry in Korea

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Frame of Image d Decision Process in the Regulatory Reform
- The Case of Electricity Supply Industry in Korea where its regulatory reform was suspended. In the concrete, we study the impact of the policy formation and decision process of the regulatory reform on the smoothness of the progress in the regulatory reform by the case of Korean electricity supply industry. In other words, we inquire into the issue whether the various decision makings and their relevant policy environments affected the continuation or suspension results of the regulatory reform, and if so, what factors affected them. We begin by reviewing the contents of the stage-by-stage plan of the ‘Basic Plan for Restructuring the Electricity Supply Industry’which constitutes , the skeleton of the blueprint of the regulatory reform in the industry. Then, we analyze the regulatory reform policy formation and decision process in the industry. Finally, we conclude with some remarks on relevant follow-up research.
2. Analysis of the Regulatory Reform Policy Formation and Decision Process in the Electricity Supply Industry
(1) Stage-By-Stage Plan of the Regulatory Reform
Until lately, electricity sector in Korea was dominated by the monopolistic
48
KIET Industrial Economic Review
public corporation KEPCO (Korea Electric Power Corporation). KEPCO had control over generation, transmission, distribution and supply, covering whole sectors of the electricity supply industry. It was the foreign exchange crisis occurred in 1997 that gave


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Title An analysis of the policy formation and decision process in the regulatory reform
Similar Titles
Sub Title

The case of electricity supply industry in Korea

Material Type Reports
Author(English)

Cho, Chang Hyeun

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2007
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 12(no. 4)
Pages 16
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KIET; KDI School

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