The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
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Does the national regulatory system allow market participants to take full advantage of competitive markets? Reducing regulatory barriers to trade and investment enables countries in an expanding global economy to benefit more fully from comparat...
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The Korean electricity sector is distinguished from those of other OECD countries by its rapid expansion. Electricity demand in Korea tripled over the period 1987-97. While demand for electricity dropped in 1998 due to the recession, it has rebou...
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The telecommunications industry has undergone significant regulatory reform over the last decade. By mid-1999, 23 of the OECD countries had liberalised their telecommunications market, including voice telephony, infrastructure investment and inve...
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Competition policy and enforcement have promoted two fundamental aspects of reform in Korea: increased reliance on markets rather than central government direction to drive growth and increased openness and transparency of public institutions and major private enterprises. Korea’s independent competition agency, the Korea Fair Trade Commission (KFTC), plays a central role in major reform efforts, and it has stepped up its enforcement