The OECD has engaged in research on regulatory reform since 1995 in the belief that inefficient regulations lower the economic growth of its member countries. In 1997, the OECD issued a report on regulatory reform, and submitted it to the ministers. The report strongly emphasized public sector reforms, competition policy, and market openness, which also reinforce each other through synergy effects. The ministers authorized the OECD to review the regulatory structure and regulatory reform of the member countries, based on the results and the recommendations of the 1997 report. In 1999, the OECD reviewed Korea's regulatory structure and regulatory reform, and their report was published in June 2000.
In the past, Korea's regulatory structure was known to be excessively complex and inefficient. After the Asian financial crisis, the newly elected Kim Dae Jung government targeted regulatory reform as one of the top policy priorities of the government and engaged in a massive regulatory reform program. A comprehensive system for reviewing newly submitted and existing regulations were introduced, and in 1998, 50% of existing regulations were eliminated.
In its report, the OECD generally praised Korea's regulatory reform as being one of the most ambitious reforms among member countries. The report also states that the reforms should vitalize the economy. Among the specific measures praised by the OECD were the establishment of the Regulatory Reform Commission which oversees the regulatory reform process, the introduction of Regulatory Impact Analysis, the establishment of the Financial Superviory Commission which is Korea's first independent and comprehensive regulatory agency, Korea's comprehensive competition policy framework, and the removal of trade and investment barriers.
However, the OECD notes that Korea's regulatory reform is only in its infancy. The problems of chaebol and market competition, the reform of social regulations, as well as the elimination of government intervention in the economy are some of the tasks remaining. The report noted that Korea's tradition of government intervention has its roots in Korea's development process, and it will be difficult to remove the strongly held habit of intervention. Furthermore, the OECD also strongly noted that the reform effort seems to be slowing as the Korean economy recovers from the Asian financial crisis. The report warns strongly that should the reforms slow down, Korea's future growth will be threatened.
The OECD report also states that, while the deregulation drive of 1998 and 1999 did much to help the economy, its overemphasis on numerical targets may have lessened its impact. Thus, Korea must raise the quality of its regulatory reform program, so that the impact of regulatory reform on the economy is maximized.
The OECD report recommended that the authority of the Regulatory Reform Commission be increased so that it can pursue regulatory reform in a more comprehensive fashion. The report also recommends that the results of Regulatory Impact Analysis be made public, and that public organizations and NGOs should be more encouraged to participate in the regulatory review and reform process.
The OECD also criticized the emphasis of Korea's competition policy, which placed too much attention on reducing the powers of chaebols through chaebol-specific policies and measures. The report worries that such specific measures will worsen government intervention in the economy, as well as taking resources away from maintaining competitive market environment, which should be the true focus of competition policy. The report recommends that Korea deal with the chaebols by maintaining a competitive market environment, while enforcing transparency and strong corporate governance rules.
The report emphasized that further opening Korea's markets, as well as letting foreigners participate in the regulatory review and reform process will help increase the transparency of the economy. The report also recommends Korea's technical standards should be conformed with international standards. Korea's past development was largely dependent on increases in production inputs such as labor and capital. However, Korea can no longer count on increases of labor force and capital stock as engines of growth. Thus, Korea must improve its productivity if its growth is to continue into the future, and regulatory reform is a crucial component in the effort to raise the productivity of the economy.

I. 서론
1. OECD와 규제개혁
2. 본 연구의 목적

II. OECD의 권고내용
1. 규제개혁에 대한 전반적인 제안
2. 공공분야의 규제개혁
3. 경쟁정책과 규제개혁
4. 시장개방과 규제개혁

III. OECD 권고내용의 이행에 대한 평가
1. 일반적 사항
2. 공공분야
3. 경쟁정책
4. 시장개방

IV. 평가 및 시사점
1. OECD 규제개혁의 기본관점
2. OECD가 본 한국 규제개혁의 문제점
3. OECD 규제개혁의 원칙, 전략, 권고안의 평가