Journal of Regulation Studies 2022 KCI Impact Factor : 2.09

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pISSN : 1738-7132
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2023, Vol.32, No.2

  • 1.

    Research Agendas for Anti-Money Laundering in DNFBP: Focusing on the Casino Industry in Korea

    seo wonseok , Kyoungmin Lee , Kim Jin-Young | 2023, 32(2) | pp.3~32 | number of Cited : 0
    Abstract PDF
    Unique within the tourism service sector, the casino industry must comply with anti-money laundering (AML) regulations to align with international norms. Despite its importance, academic research remained limited. To fill the void, this study examines the existing academic literature and legislation on AML for the casino industry. Using the qualitative thematic analysis of the panel discussion on the AML system at the Jeju International Casino Policy Forum, we propose three research agendas: voluntary participation, a risk-based approach, and legal improvement. To facilitate a more comprehensive understanding and guide future research, we also proposed a framework of casino AML based on Ostrom. From the findings, we provide practical and policy implications for AML practices in the casino sector.
  • 2.

    Impacts of technical innovation and regulatory reform on performance of companies in new industries – focusing on the moderating effect of Korean Regulatory Sandbox -

    이소담 , KWON, GI HEON | 2023, 32(2) | pp.33~71 | number of Cited : 0
    Abstract PDF
    The technical innovation have been recognized as an important way to solve accumulated problems in modern society. However, the new industries which intend to create new market based on their new technologies confront to various problems related to the regulatory lag. To mitigate such conflicts, the government has tried to reform regulations. The regulatory sandbox also aims at solving the regulatory lag and activating the new industries. This research analysed how the regulatory sandbox mitigates the impact that technical innovation has on company’s performances. As a result, the input of technical innovation contribute to the financial outputs of firms, when the output of technical innovation didn’t. The financial performances of firms increased when firms participated in the regulatory sandboxes. Analysing the mitigating effect of regulatory sandbox, when the regulation reformed through the “active interpretation”, the financial performances increased as the outputs of technical innovation increased, whereas they decreased when the inputs of the technical innovation incresaed. Also when we analyzed the model with small companies, the result of interaction between inputs of technical innovation and regulatory reform after the “regulatory exemption” turns out to be positive(+). Based on the results above, we tried to add the role of regulatory reform on the relationship between innovation and performance, and suggested the implication of Korean regulatory sandbox.
  • 3.

    A Study of the Abolishing Process of the Compulsory Shutdown Regulation for Internet Games Based on Kingdon's Policy Stream Model

    백석원 , Bae Kwanpyo | 2023, 32(2) | pp.73~104 | number of Cited : 0
    Abstract PDF
    On January 1, 2022, the ‘compulsory shutdown regulation’ for internet games, which restricted youth's internet game use during late-night hours, was abolished. This study aims to discuss the difficulties and contingencies of regulatory reform by analyzing the policy decision-making process behind the abolition of the compulsory shutdown regulation for internet games. This aspect has not been examined in previous studies. The analysis utilizes Kingdon's policy stream model. The findings are as follows: In 2011, controversy arose following a partial amendment to the Youth Protection Act, which included the compulsory shutdown system. This led to ongoing calls for its abolition as a policy alternative. As the gaming industry actively voiced its opinions, political interest grew. The 2021 ban on minors playing Minecraft created a policy window, leading to the decision to abolish the regulation and amend the law. This analysis reaffirms the suitability of the Kingdon model as a framework for understanding policy change in Korea.
  • 4.

    A Study on Policy Approaches to Mitigate Risks in AI System : Focusing on AI Impact Assessment

    Guenhye Kim , Park, Kyu Dong | 2023, 32(2) | pp.105~134 | number of Cited : 0
    Abstract PDF
    This study aims to conduct an exploratory case analysis of AIA(AI Impact Assessment) published in the public sector as a policy approach to mitigating the risk of AI systems. This study constructs a research analysis framework based on the key points of AIA design presented in previous studies. Based on the subsequent analysis framework, six AIA cases implemented or proposed as policies by national governments or public institutions to date have been adopted and analyzed. As a result of the analysis, there was a perception that AIA should recognize technical and industrial specificity different from the existing impact assessment, and the AI system was comprehensively and broadly defined. Although some opinions were gathered regarding risk mitigation measures, the way the mitigation measures presented in the AI impact assessment were linked to the level of risk classification differed from country to country. In addition, it was carried out regularly at various points in the AI life cycle and had a strong self-regulatory character. This study contributes to a deeper understanding of AIA development by presenting comprehensive data on policy and research trends, thereby informing future policy development in this field.
  • 5.

    Analysis of the impact of the 52-hour workweek on firm’s performance

    Jin Sung Yoo | 2023, 32(2) | pp.135~164 | number of Cited : 0
    Abstract PDF
    This study analyzes the impact of the 52-hour workweek on firm’s performance. The results of the empirical analysis show that the 52-hour workweek had no effect on increasing employment. In addition, the sales per capita of firms does not show a significant decline as well. However, the 52-hour workweek significantly reduced the return on total assets by about 0.82 percentage points and the return on equity by about 3.01 percentage points, indicating a negative impact on the firm's business performance. When analyzing if the impact of the 52-hour workweek differs depending on whether flexible and selective working hours are implemented, the results does not show that companies with flexible and selective working hours have a significant advantage over those without. The analysis of the impact of the 52-hour workweek shows that there is no significant increase in employment due to the reduction of working hours, but there is a negative impact on return on assets and return on equity, so it is necessary to relax the 52-hour workweek regulation in the future.