- Macroeconomic and Financial Policies
- Industry and Market Policies
- Public Finance and Social Policy
- North Korean Economic Studies
- Global Economy
- Regulatory Studies
- Economic Information and Education Center
- Public and Private Infrastructure Investment Management Center
- Center for International Development
Regulatory Studies
Markets and
Institutions.
Regulatory Cost Management System
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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.
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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.
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Consulting and education
The Center, independently or in collaboration with competent ministries, provides educational and training programs on respective automatic systems and report writing to strengthen the capacity of regulatory impact analyses.
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