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Regulatory Reform Committee in Korea. April 29 2008 Amman, Jordan DoHoon KIM Senior Research Fellow Korea Institute for Industrial Economics and Trade. Contents. Contents. I. Historical Review of Regulatory Reform Committee. II. Major Vocations of RRC. III. Reviews of Regulations. - PowerPoint PPT Presentation
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April 29 2008
Amman, Jordan
DoHoon KIMSenior Research Fellow
Korea Institute for Industrial Economics and Trade
I Historical Review of Regulatory Reform Committee
Major Vocations of RRC
Reviews of Regulations
Composition of the RRC
II
III
IV
Major Achievements Made by RRCV
I. Historical Review of Regulatory Reform CommitteeI. Historical Review of Regulatory Reform Committee
Korea was suffering from Asian Financial Crisis
Korea was forced to undertake tough reform packages recommended by IMF and others such as financial sector reform, corporate restructuring, labor market reform and public sector reform
Regulatory reform was regarded as an important part of those reform packages
Enabled the RRC to continue to play its full-scale role under three different governments since its establishment
1
Established in 1998 Established in 1998 Established in 1998 Established in 1998
Based upon the Basic Act on Administrative Based upon the Basic Act on Administrative RegulationsRegulations
Based upon the Basic Act on Administrative Based upon the Basic Act on Administrative RegulationsRegulations
As a result, from 1998 to 2002, the number of regulations was
reduced by more than 50% (out of 11,125, 5,998 were removed
and 2,981 were rationalized)
I. Historical Review of Regulatory Reform CommitteeI. Historical Review of Regulatory Reform Committee
At its start, the RRC put its full effort into reducing the At its start, the RRC put its full effort into reducing the existing existing
number of regulationsnumber of regulations
At its start, the RRC put its full effort into reducing the At its start, the RRC put its full effort into reducing the existing existing
number of regulationsnumber of regulations
Since 2002, the RRC re-oriented its policy focus towards Since 2002, the RRC re-oriented its policy focus towards
improving regulatory environmentsimproving regulatory environments Since 2002, the RRC re-oriented its policy focus towards Since 2002, the RRC re-oriented its policy focus towards
improving regulatory environmentsimproving regulatory environments
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Setting the basic direction of regulatory policy
Evaluating existing regulations, drafting and executing regulatory reform plan
Obtaining and responding to public opinions on regulatory improvement
Reviewing new and amended (strengthened) regulations
Monitoring and evaluating the regulatory improvement efforts of regulatory bodies
Promoting and advocating regulatory reform to government bodies as well as to the public
II. Major Vocations of RRCII. Major Vocations of RRC
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Regulatory bodies should provide following elements to the RRC
- necessity of introducing new regulations or of amending
existing ones
- examining alternatives to regulatory proposals
- consultation with other relevant administrative bodies
- publicizing regulatory impact analysis
Collecting opinions of affected interested parties
Collecting opinions of other relevant administrative bodies
III. How are Reviews of Regulations Undergone through RRC?III. How are Reviews of Regulations Undergone through RRC?
Phase 1 Phase 1 : Introduction of Regulations: Introduction of Regulations Phase 1 Phase 1 : Introduction of Regulations: Introduction of Regulations
Phase 2 Phase 2 : RRC's First Action: RRC's First Action Phase 2 Phase 2 : RRC's First Action: RRC's First Action
4
appropriateness of regulatory objectives
regulatory impact on citizens and business
Regulatory bodies are forced to reflect the results of RRC's review
before submitting the final draft to the parliament
Regulatory bodies should register regulations to the RRC within 30
days after their proclamation
III. Reviews of Regulations: continuedIII. Reviews of Regulations: continued
Phase 3 Phase 3 : Review by RRC: Review by RRC Phase 3 Phase 3 : Review by RRC: Review by RRC
Phase 4 Phase 4 : Legislative Procedure: Legislative Procedure Phase 4 Phase 4 : Legislative Procedure: Legislative Procedure
Phase 5 Phase 5 : Registration of Regulations: Registration of Regulations Phase 5 Phase 5 : Registration of Regulations: Registration of Regulations
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6 ministers: Minister of Strategy and Finance, Minister of Public
Administrations and Security, Minister of Knowledge Economy,
Minister of the Office of Prime Minister, Chairman of Korea Fair
Trade Commission, Minister of Government Legislation
8 professors
4 business representatives
4 representatives of the press and NGOs
1 lawyer
IV. Composition of the RRCIV. Composition of the RRC
Co-chaired by the prime minister and a private-sector expertCo-chaired by the prime minister and a private-sector expert Co-chaired by the prime minister and a private-sector expertCo-chaired by the prime minister and a private-sector expert
MembersMembers : 23 persons : 23 persons MembersMembers : 23 persons : 23 persons
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Sub-committee on economy 1: to review regulatory proposals from
12 regulatory bodies including the ministry of strategy and finance
Sub-committee on economy 2: to review regulatory proposals from
8 regulatory bodies including the ministry for food, agriculture,
forest and fisheries
Sub-committee on administrative and social affairs: to review
regulatory proposals from 20 regulatory bodies including the
ministry of education, science and technology
IV. Composition of the RRC: continuedIV. Composition of the RRC: continued
3 Sub-committees for intensive review meetings3 Sub-committees for intensive review meetings 3 Sub-committees for intensive review meetings3 Sub-committees for intensive review meetings
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Conducted a Comprehensive Regulatory Reform through a
Quantitative Approach under Kim Dai Jung Government
Continues to Review New and Amended Regulations
Promotes and Advocates the Importance of Regulatory Reform
Introduced the Regulatory Impact Analysis
Participated in International Regulatory Meetings Actively
V. Major Achievements Made by RRCV. Major Achievements Made by RRC
8
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