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Center for Regulatory Studies

The Center for Regulatory Studies examines institutional arrangements and advocates new policies and reforms to promote competition and innovation and strengthen the country’s safety and security apparatus.

Regulatory Cost Management System
  • Regulatory cost management system

    the Korean regulatory cost management system, termed ‘Cost-In, Cost-Out’ (CICO), revises existing regulations to reduce the public’s cost burden on a new or reinforced regulation that imposes additional costs on the business activities of companies, organizations and individuals.

  • Verification and evaluation of regulatory cost-benefit analyses

    The Center reviews the propriety of cost-benefit analysis results drafted and submitted by various ministries and calls for the necessary revisions in order to enhance the effectiveness of the regulatory impact analysis system and contribution to the improvement of regulation quality.

  • Consulting and education

    The Center reviews the propriety of cost-benefit analysis results drafted and submitted by various ministries and calls for the necessary revisions in order to enhance the effectiveness of the regulatory impact analysis system and contribution to the improvement of regulation quality.