Abstract

[Abstract(Law)] Legal Issues and Tasks Related to ¡®Regulatory Sunset¡¯ in Economic Legislation

  • DATE WRITTEN : 2020-11-02
  • WRITER : APCC
  • VIEW : 1025
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The term ¡°regulatory sunset¡± means a law that sets a time limit for limiting the rights and obligations of citizens. Therefore, unless there is a special need for the extension or continuation of the regulation, it will be abolished automatically when the specified time comes. However, regulations are like living things, and they not only simply relinquish the energy given once, but also try to expand to adjacent legal areas.

In South Korea, it has been academically in controversy since the introduction of the regulatory sunset system by revising the Basic Administrative Regulation Act in 1998. In the case of the sunset, conflicts and confrontations are highly likely to be reproduced, and there is possibility that it will cost a lot of social reconciliation.

In fact, the number of regulatory systems is increasing year by year, with only a small number of registrations disappearing due to sunset. The economic has changed, but existing regulations have not ceased, and new regulations continue to increase. This phenomenon is expected to become even more prominent in the fourth industrial revolution, where new technologies will emerge. It is expected that new technologies will emerge and that the economic environment of citizens will become a new aspect. Therefore, it is necessary to examine the significance and nature of the regulatory sunset system and the appropriate utilization system.

In this respect, this paper analyzes the problems in the interpretation of the law regarding regulatory sunset, analyzes the general discussion on regulatory sunset, and then makes recommendations on future institutional improvements.
      
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