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http://dx.doi.org/10.7782/JKSR.2014.17.6.452

Deregulation and Rearrangement of the Government Role for the Railway Industry  

Lee, Wonhee (Research Center for State Owned Entities Korea Institure of Public Finance)
Kwon, Hyukjoon (Department of Public Administration, Chungang University)
Publication Information
Journal of the Korean Society for Railway / v.17, no.6, 2014 , pp. 452-456 More about this Journal
Abstract
This article analyzes the new approach to regulation with regards to the railway industry and determines the government's new role. For this purpose, the regulations are categorized into three dimensions (economic, societal and administrative), following the criteria adopted by the Regulatory Reform Committee. Furthermore, these items are analyzed as compulsory vs. incentive, and prior vs. ex post, according to the managerial characteristics. As a result, some recommendations were derived: the economic regulations should be deregulated and the societal regulations should be modified in order to rationalize the criteria. From this perspective, the government's role needs to be repositioned in order to activate the railway industry.
Keywords
Railway regulation; Railway industry competitiveness; Economic regulation; Social regulation; Rationalization of regulation;
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