Research Cluster

Democracy Cluster Future of Science and Technology Cluster Economic Security Cluster Population Cluster Global Korea Cluster Carbon Neutrality Cluster Balanced Regional Growth and Resilience Cluster [Expired]Pandemic Cluster

TF Project

Healthcare system improvements for the establishment of the primary care physician system Research Study on Public Sector Reform for Enhancing Government Competitiveness Exploring the public education system and its functions in population decline era [Expired]Foundational study for the advanced revision of the Korea-U.S. nuclear cooperation agreement [Expired]Preparation for Four Geopolitical Risks [Expired]Labor market reform tasks for restoring the dynamism of the Korean economy [Expired]Problems and Improvement Plans of Korean Education [Expired]Questions for the future of science and technology in Korea [Expired]Security and Economic Cooperation between Korea and Japan [Expired]The future of population for a sustainable society [Expired]Directions for sustainable future healthcare reform

 

[Expired]Avian influenza pandemic risk assessment and preparedness [Expired]The stagnant growth crisis: national strategy for economic prosperity [Expired]Research on the outlook for key sectors of population change and response strategies [Expired]Policy advisory service for enhancing the future competitiveness of nuclear energy [Expired]Establishment of KEPCO's medium-to-long-term response strategy [Expired]Future agricultural and rural development strategies & response tasks for the Korea rural community [Expired]Rewriting Democracy [Expired]In the Era of Technological Competition, Korea's Future Prospects [Expired]Developing a nationally-unified response system to address frauds involving multiple victims [Expired]Changes in international politics and the rise of the global south [Expired]Research on identifying policy agendas and research issues for the national AI strategy

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Title Comparison of Regulatory Systems for New Industries between South Korea and the United States and Suggestions for Innovation-Driven New Industry Policies Hit 496
Publication 2025-01-10

Institute for Future Strategy Issue Brief, January 2024 Vol. 19
“Comparing Korea–U.S. Regulatory Systems for Emerging Industries and Policy Recommendations for Innovation-Led Growth”

This issue brief compares the regulatory systems for emerging industries in Korea and the United States and offers policy recommendations for fostering innovative growth in Korea’s new industries. The United States primarily operates a post-regulation system, which allows market entry for new industries first and then manages any adverse effects that arise. This approach has facilitated market creation and strengthened U.S. global leadership in emerging sectors.

By contrast, Korea employs a pre-regulation system based on the principle of “prohibition in principle—permission by exception,” which has been criticised for slowing the growth of emerging industry markets. Accordingly, the brief diagnoses the limitations of Korea’s regulatory framework and proposes policy directions such as introducing post-regulation mechanisms and restructuring industrial competition to support innovation-driven growth.

Keywords
Emerging industries, regulatory systems, pre-regulation, post-regulation, innovation-led growth

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