› Korea › By Topic › Regulatory reform
This page provides access to the reviews on regulatory policy carried out in Korea in 2000 and in 2007 as well as updates on regulatory policy and governance in Korea.
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
English, , 187kb
Regulatory reform is a priority in the effort to promote sustainable economic growth, complementing sound macroeconomic policies. It can help shift economic activity to higher value-added production and services, encourage the use of appropriate and new technology and make national economies more resilient to economic shocks. Regulatory reform is a very important asset as countries move forward in the process of globalisation.Korea
English, , 606kb
Does the national regulatory system allow market participants to take full advantage of competitive markets? Reducing regulatory barriers to trade and investment enables countries in an expanding global economy to benefit more fully from comparat...
English, , 650kb
The Korean electricity sector is distinguished from those of other OECD countries by its rapid expansion. Electricity demand in Korea tripled over the period 1987-97. While demand for electricity dropped in 1998 due to the recession, it has rebou...
English, , 666kb
The telecommunications industry has undergone significant regulatory reform over the last decade. By mid-1999, 23 of the OECD countries had liberalised their telecommunications market, including voice telephony, infrastructure investment and inve...
English, , 622kb
Competition policy and enforcement have promoted two fundamental aspects of reform in Korea: increased reliance on markets rather than central government direction to drive growth and increased openness and transparency of public institutions and major private enterprises. Korea’s independent competition agency, the Korea Fair Trade Commission (KFTC), plays a central role in major reform efforts, and it has stepped up its enforcement