1 / 6

Regulatory Reform: Korea’s experience & lessons for Taiwan

Regulatory Reform: Korea’s experience & lessons for Taiwan. Yan-Bin Huang, Chy-Ray Wu, Chi-Tien Chen, Heng-An Chi, Ming-He Yang. Foreward. Korea has been pursuing a deregulation campaigns since 1998.

nevina
Download Presentation

Regulatory Reform: Korea’s experience & lessons for Taiwan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Regulatory Reform: Korea’s experience & lessons for Taiwan Yan-Bin Huang, Chy-Ray Wu, Chi-Tien Chen, Heng-An Chi, Ming-He Yang

  2. Foreward • Korea has been pursuing a deregulation campaigns since 1998. • The Regulatory Reform Committee was established in 1998 under the President to comprehensively enact regulatory reform tasks. • Facing Global Financial Crisis 2009, Korea took quick action by introducing ”Temporary Regulatory Relief” and it helped many companies and individuals, in weathering away the economic crisis.

  3. Internal Coordination Bodies in Korea

  4. Korean Regulatory Reform • Regulatory Review(1998): • President ordered to eliminate 50% of existing regulations within a year: “Guillotine Approach” . • Each ministry had to prove the need for its regulations before Regulatory Reform Committee (RRC) during the process. • Temporary Regulatory Relief (2009): • Eased or repealed regulations temporarily until the economic recovery takes hold • Regulations are restored on the due date but as exceptions,some have been repealed permanently

  5. Lessons for Taiwan • Improve CEPD level like as RRC • Stop political vicious competition to improve national competitiveness • Take action quickly and react efficiency in RR • Review side effect of deregulation

  6. Thank you

More Related