• KDI Journal of Economic Policy
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• 제45권1호
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• pp.69-86
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• 2023

Regulatory sentiment refers to the market's subjective evaluation of regulatory reform and is one of the most widely adopted indicators to those charged with implementing and diagnosing regulatory policies. The use of regulatory sentiment in advanced analysis has become universal, albeit it is often limited due to difficulties in articulating consistent and objective quantitative indicators that can meticulously reflect market sentiment overall. Thus, despite ample effort by scholars to read the economic impact of regulatory sentiment in the real economy, causal links are difficult to spot. To fill this gap in the literature, this study analyzes a regulatory sentiment index and economic performance indicators through a text analysis approach and by inspecting diverse tones in media articles. Using different stages of tests, the paper identifies a causal relationship between regulatory sentiment and actual economic activities as measured by private consumption, facility investment, construction investment, gross domestic investment, and employment. Additionally, as a result of analyzing one-unit impulse of regulatory perception, the initial impact on economic growth and private investment was found to be negligible; this was followed by a positive (+) response, after which it converged to zero. Construction investment showed a positive (+) response initially, which then rapidly changed to a negative (-) response and then converged to zero. Gross domestic investment as the initial effect was negligible after showing a positive (+) reaction. Unfortunately, the facility investment outcome was found to be insignificant in the impulse response test. Nevertheless, it can be concluded that it is necessary and important to increase the sensitivity to regulations to promote the economic effectiveness of regulatory reforms. Thus, instead of dealing with policies with the vague goal of merely improving regulatory sentiment, using regulatory sentiment as an indicator of major policies could be an effective approach.

• 한국게임학회 논문지
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• 제15권2호
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• pp.145-158
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• 2015

현재 정부는 한국의 게임 산업 분야에 많은 규제를 시행하고 있다. 이에 따라 게임 분야 규제에 대한 연구도 함께 수행되었는데, 게임 규제의 각 개별적인 특성, 문제점, 한계 등에 대해서는 연구가 진행되어 왔지만, 게임규제 전반에 대한 사항 및 특성 등에 대해서는 제대로 파악하지 못하고 있다. 정부 측에서 볼 때 한 분야의 전체적 규제 특성을 판단하는 기준 중 하나는 바로 규제개혁위원회의 등록규제다. 따라서 본 연구에서는 규제개혁위원회의 등록규제 기준에 따라 게임 규제 현황을 살펴보고자 한다. 현재 규제개혁위원회에 등록된 게임 규제는 22개이다. 하지만 원칙적인 규제등록 기준에 의해 법령을 검토한 결과, 게임 분야에 대해 총 44개, 실질적으로는 60여개의 규제가 시행되고 있는 것으로 나타났다. 그리고 진입규제의 비중이 영업활동규제보다 더 높았으며, 실질적으로 게임 과몰입 중독 및 사행성에 대한 규제에 초점을 맞추고 있다. 이와 같은 게임 등록규제 현황과 실제 게임 규제의 차이는 게임 규제에 대한 정책 및 정부 신뢰에 부정적인 영향을 미칠 수 있다. 게임 부문에 대한 실제 규제내용을 바탕으로, 여타 부문과 비교하여 차별적이지 않은 규제가 시행될 때, 게임 부문에 대한 정책 및 규제 신뢰가 보다 증진될 수 있을 것이다.

• 한국임상약학회지
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• 제16권2호
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• pp.123-130
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• 2006

The study was aimed to recommend the ways for improving regulatory system of quasi-drugs in governmental authority by comparing with other countries. According to the regulations, the scope of quasi-drugs includes 3 categories of 1) the health aids made of textile, rubber and paper, 2) the health aids which have very minimal effects or no any effects on humans, and 3) disinfectants and pesticides. In US, these quasi-drugs in Korea are classified into 5 categories of medical device, cosmetics, OTC drugs, dietary supplements and pesticides. To improve quasi-drugs administration in Korea, it is concluded that several measures should be implemented : 1) establish clear criteria for classifying into quasi-drugs and more detailed guidelines on designation of quasi-drugs, 2) reform current regulations to meet 3-categories characteristics, supplement detailed guidelines on quasi-drugs administration for effective application process, and update relevant regulations for efficacy, safety and quality, 3) update quasi-drug monographs, 4) re-evaluate current classification of individual quasi-drugs, 5) develop comprehensive list by ingredients, 6) reform post-marketing management system for safety and quality, 7) strengthen the review agency function by increasing the number of experts, 8) develop the database for quasi-drugs for effective information management.

• 정보화정책
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• 제25권1호
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• pp.60-81
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• 2018

보건의료와 ICT가 결합된 형태인 디지털 헬스케어는 보건의료 패러다임을 진단 치료에서 예방 관리로 변화시키고 있다. 또한 부가가치가 매우 높은 경제 발전의 신성장 동력으로 인식되고 있으며, 우리 정부도 이의 발전을 위해 관련 제반 기술 및 정보에 대한 합리적 법적 기준과 규제체계를 마련하고자 노력하고 있다. 하지만 이러한 노력에도 불구하고, 정부의 디지털 헬스케어 발전을 위한 규제 개선 전략에 변화가 필요하다는 주장이 지속적으로 제기되고 있다. 이에 본 연구에서는 우선 우리나라와 해외 주요국의 디지털 헬스케어 발전을 위한 규제 개선 전략을 비교 분석하여 차이점을 확인하였다. 이어서 본 연구는 디지털 헬스케어와 관련된 신문기사 분석과 전문가 인터뷰를 실시하여 국내 디지털 헬스케어 관련 규제 쟁점과 발전을 위한 규제 개선 전략을 도출하였다. 전문가들은 디지털 헬스케어 관련 규제 개선을 위해 특히 부처 간 협업구조의 구축, 부처의 전문역량 강화와 전문가 확보, 폭넓은 이해관계자의 참여 보장, 그리고 의료 정보의 처리에 대한 명확한 기준 마련을 중요하게 인식함을 확인하였다. 마지막으로 본 연구는 전문가 인터뷰 결과를 중심으로 하여 연구의 시사점을 제시하였다.

• 한국항공우주학회지
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• 제46권12호
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• pp.1056-1069
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• 2018

미 트럼프 행정부는 2018년 5월 24일 상업적 우주활동을 촉진하기 위한 규제개혁방향을 담은 우주정책명령 SPD-2(Space Policy Directive-2)를 발표하고, 뒤이어 6월 18일 우주상황 관리 정책에 관한 행정명령 SPD-3를 발표했다. 이 행정명령은 주요 우주 분야에 대한 개혁조치를 담고 있는데, 이 정책은 2017년 6월 재구성된 국가우주위원회(National Space Council: NSC)가 성안한 개혁 권고안을 대통령이 승인한 것으로 연방정부의 강력한 개혁추진을 위한 가이던스를 제공한다. 상업우주활동개혁정책은 앞서 2017년 12월 18일 발표된 국가안보전략(National Security Strategy)의 큰 틀에서 경제적 번영과 국가안보를 동시에 달성하기 위한 노력으로 이해할 수 있다. 상업적 우주활동을 촉진함으로써 미국의 국익을 달성하고자 하는 미국의 정책과 입법은 우주활동을 규율하는 우주조약을 위반한다는 우려와 논란을 불러일으킬 수 있다. 이에 국제사회는 미국의 상업우주개혁정책에서 노정되는 법적 쟁점에 대한 국제적 논의를 통해 우주기술의 발전과 상업화 진전에 맞는 보편적 국제 규범을 형성하기 위한 노력을 가속화해야 한다.

• East Asian Economic Review
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• 제17권1호
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• pp.27-53
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• 2013

In this paper, we look at the relationship between international trade and the rule of law, using the World Justice Project Rule of Law Index, which include index figures on human rights, limits on government powers, transparency and regulatory efficiency. Based on regression analyses using the rule of law index figures and international trade figures (merchandise trade, service trade, exports and imports as percentage of GDP,) international trade and basic human rights seem to have little relationship; but trade has a close positive relationship with strong order and security. Somewhat surprisingly, regulatory transparency and effective implementation seems to have little or no effect on international trade and vice versa. International trade shows a clear positive relationship with the country's criminal justice system, but the relationship with the civil justice system is not as clear as such. For regulatory implementation and civil justice, services trade positively affect these institutions, but these institutions in turn affect exports more strongly than services trade. Finally, the effect of trade on rule of law is stronger on a medium to long term (10-20 year) time horizon.

• STI Policy Review
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• 제4권1호
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• pp.119-134
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• 2013

The Fukushima nuclear incident of 2011 served as an external shock that prompted Japan to reform its nuclear energy sector. The collusive relationship between the regulators within the Japanese government and the regulated power industry, as well as the lack of institutional independence of the regulatory agency, had derailed Japanese efforts to reform the sector for decades. The Fukushima crisis exposed these deeply-entrenched flaws in the system, causing public distrust and anger toward the government and the nuclear power sector. This paper discusses the institutional reform measures the Japanese government introduced in the wake of the Fukushima crisis to recover public confidence and revamp the sector to prevent future disasters. The paper also discusses the challenges the Japanese government faces on its road to a successful implementation of nuclear sector reforms.

• The Journal of Asian Finance, Economics and Business
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• 제9권6호
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• pp.23-32
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• 2022

This paper examines the effects of regulatory capital on a bank's profitability and risk. We employ annual data from Vietnamese commercial banks from 2005 to 2020 and use the dynamic GMM regression method to address the potential endogeneity issue, more suitable for panel data with relatively low time dimensions. Our panel regressions indicate that higher regulatory capital would significantly improve the bank's profitability and lower the bank risks. In particular, a one percent increase in the regulatory capital would significantly increase the bank's return on assets by 1.9%. We further explore the heterogeneous impacts of regulatory capital on the Vietnamese bank's performance across bank characteristics. We find that smaller, non-state-owned and non-listed banks would benefit from stringent regulatory capital requirements. The improvements in bank performance are mainly driven by reductions in the risk premium of the banks, resulting in lower funding costs and higher profitability. These findings are essential since Vietnam, as an emerging market, has only implemented the Basel II reform recently on a stable and fast-growing background rather than as a reaction to the global financial crisis. Thus, our empirical results support stringent regulatory capital in emerging countries to ensure a stable banking sector and boost economic growth.

• World Technopolis Review
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• 제4권2호
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• pp.46-61
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• 2015

There is an implicit assumption in most regional innovation policy studies that once a policy has been made the policy will be implemented. This assumption is not valid for regional innovation policies formulated in many countries. This assumption rests upon certain political and organization conditions. It is frequently said that regional innovation system in Korea is one of the successful cases because of properly established institution for the implementation of innovation policies. The components of institution for innovation are defined in this article. For the analysis of institution for regional innovation system in Korea, three aspects such as organization, policies & programs, and governance structure were taken into account. Institution for regional innovation system in Korea is analyzed with three aspects: (1) organization for policy implementation, (2) innovation policy, and (3) governance structure. Firstly, organizations for innovation in Korea are composed of three categories such as organizations for policy formulation, organizations for policy implementation and agencies for coordination. Secondly, there are two categories of policies for innovation: (1) policies for the enhancement of national competitiveness and policies for the regional innovation capacity building, and (2) policies for fostering manpower and policy for regulatory reform. Thirdly, innovation governance in Korea is composed of three layer structure: (1) top level governance which is composed of two committee, three ministries and two agencies, (2) local level governance such as one innovation related offices and one center for regulatory reform, and (3) one category of agency for coordination as a regional platform.

• 보건행정학회지
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• 제28권3호
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• pp.226-232
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• 2018

The objectives of this study were to evaluate the current state of governance structure and management of the health system to achieve the goals of the health system in South Korea, and to propose reform plan. This study drew implications from the governance of United Kingdom, Germany, and Netherlands, based on the principle of health system proposed by World Health Organization. The presidency and the health ministry should make macroscopic decision-making. The government has to decentralize the enforcement by municipality to operate public health and national health insurance (NHI), and to distribute the centralized NHI fund by municipality. The front line health centers and community centers should provide integrated health and social services. The government has to establish diversified regulatory bodies to enhance both the patient-centered care and the efficiency and equity of health care, and to provide mechanisms for ensuring autonomy of providers. The governance of the health system should be composed of the centralization of macro decision-making, the decentralization of implementation by municipality, the integration of health and social services on the front line, and the well-balanced regulation and autonomy on both consumers and suppliers.