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Suggestions for the Development of RegTech Based Ontology and Deep Learning Technology to Interpret Capital Market Regulations (레그테크 기반의 자본시장 규제 해석 온톨로지 및 딥러닝 기술 개발을 위한 제언)

  • Choi, Seung Uk;Kwon, Oh Byung
    • The Journal of Information Systems
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    • v.30 no.1
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    • pp.65-84
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    • 2021
  • Purpose Based on the development of artificial intelligence and big data technologies, the RegTech has been emerged to reduce regulatory costs and to enable efficient supervision by regulatory bodies. The word RegTech is a combination of regulation and technology, which means using the technological methods to facilitate the implementation of regulations and to make efficient surveillance and supervision of regulations. The purpose of this study is to describe the recent adoption of RegTech and to provide basic examples of applying RegTech to capital market regulations. Design/methodology/approach English-based ontology and deep learning technologies are quite developed in practice, and it will not be difficult to expand it to European or Latin American languages that are grammatically similar to English. However, it is not easy to use it in most Asian languages such as Korean, which have different grammatical rules. In addition, in the early stages of adoption, companies, financial institutions and regulators will not be familiar with this machine-based reporting system. There is a need to establish an ecosystem which facilitates the adoption of RegTech by consulting and supporting the stakeholders. In this paper, we provide a simple example that shows a procedure of applying RegTech to recognize and interpret Korean language-based capital market regulations. Specifically, we present the process of converting sentences in regulations into a meta-language through the morpheme analyses. We next conduct deep learning analyses to determine whether a regulatory sentence exists in each regulatory paragraph. Findings This study illustrates the applicability of RegTech-based ontology and deep learning technologies in Korean-based capital market regulations.

Study on The Regulation on Poisonous Medicinal Herbs (독성 한약재의 법적 규제에 관한 연구)

  • Kweon, Kee-Tae
    • The Korean Society of Law and Medicine
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    • v.11 no.1
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    • pp.271-296
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    • 2010
  • Objective: Poisonous Medicinal herbs can be considered as a risk factor to public health unless they are prescribed by Doctor of traditional Korean medicine. The proper method to manage them should be prepared to prevent risk factors caused by misuse and abuse of the poisonous medicinal herbs and enhance public health. Methods: In this dissertation (paper), the definition, scope, management status, data about pharmacology and toxicity and media release regarding adverse reaction were understood after organizing documents, laws and regulations concerning poisonous medicinal herbs. Also, management methods are suggested by analyzing related examples and regulations in China, Japan and Hong Kong, where the use of herbal medicine is general. Results: Methods for items for poisonous medicinal herbs, safety information management, management based on standardization of traditional processing methodology and reorganization and revision of related laws and regulations are established. Conclusion: Proper laws and regulations are not yet established to manage poisonous medicinal herbs in Korea. In this regard, it is urgent to establish laws and regulations which can apply independently. The purpose of the laws and regulations should be to enhance management of poisonous medicinal herbs and prevent incidence of addiction and death, improving the public health.

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A study on the establishment of isolation distances for environmental release of biotech crops

  • Lee, Bumkyu
    • Korean Journal of Agricultural Science
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    • v.44 no.2
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    • pp.188-195
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    • 2017
  • Biotech crops can only be commercialized after they receive safety approvals, which require thorough risk assessments of their release to the environment. Environmental release experiments are indispensable for environmental risk assessments, and each country has been preparing its own regulations for the safety management of experiments on the environmental release of biotech crops in confined fields. In this study, we compared and analyzed the safety management regulations of the environmental release of biotech crops in Korea, USA, Japan, European Union, and China. Each country had safety management regulations for the environmental release of biotech crops, and these regulations were generally not much different from the Korean regulations. However, there was a difference amongst the USA, Japan, and China in regulations for isolation distances to prevent gene diffusion through pollen-flow during environmental release experiments of biotech crops. In order to establish the isolation distance regulation suitable for the Korean environment, relevant data were collected and presented. For setting the isolation distance for environment release of biotech crops, it is suggested to refer to the isolation distance information provided in the Guidance of Seed Management in Korea. The results of this study are expected to help establish the safety management of biotech crops in Korea.

International Comparison between Korea and Other Countries, in Terms of Retail Regulations

  • Cho, Young-Sang;Kwak, Young-Arm
    • Journal of Distribution Science
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    • v.15 no.9
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    • pp.5-16
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    • 2017
  • Purpose - This research is to provide new insights for policy makers in Korea, comparing South Korea and foreign countries such as Japan, UK, France, Germany, Netherlands, Sweden, Spain and the forth, in terms of the effects of retail regulations on a retail trade industry. Research design, data, and methodology - After introduction, the research begins with literature review on the background why advanced countries have introduced retail legislations, then, will present their effects. The fourth section will compare the South Korea with the above foreign countries. Finally, the authors will draw conclusions and mention not only research limitations but also future research directions. Results - Based on the previous research, the authors compared Korea and advanced countries, in terms of how retail regulations influence retail employment, retail productivity, retail price, and the protection of independent retailers. The authors found that industrialized countries have made a significant effort to protect small shops for social stability with many different regulations and/or budget. With regard to results, however, the degree of its achievement is lower than expected. Conclusions - In order to protect small- and medium-sized retailers efficiently and effectively, policy makers need to develop better sophisticated retail regulations than those of advanced countries.

Preparation of the Applicable Regulatory Guideline on Mixed Waste in Korea Based on the Analysis of US Laws and Regulations

  • Sim, Eun-Jin;Lee, Sun-Kee;Kim, Chang-Lak;Kim, Tae-Man
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.19 no.1
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    • pp.141-160
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    • 2021
  • Unit 1 of the Kori Nuclear Power Plant (NPP) and Unit 1 of the Wolsong NPP are being prepared for decommissioning; their decommissioning is expected to generate large amounts of intermediate-level, low-level, and very low level Waste. Mixed waste containing both radioactive and hazardous substances is expected to be produced. Nevertheless, laws and regulations, such as the Korean Nuclear Safety Act and Waste Management Act, do not define clear regulatory guidelines for mixed waste. However, the United States has strictly enforced regulations on mixed waste, focusing on the human health and environmental effects of its hazardous components. The U.S. Nuclear Regulatory Commission and the U.S. Department of Energy regulate the radioactive components of mixed waste under the Atomic Energy Act. The U.S. Environmental Protection Agency regulates the hazardous waste component of mixed waste under the Resource Conservation and Recovery Act. In this study, the laws, regulations, and authorities pertaining to mixed waste in the United States are reviewed. Through comparison and analysis with waste management laws and regulations in Korea, a treatment direction for mixed waste is suggested. Such a treatment for mixed waste will increase the efficiency of managing mixed waste when decommissioning NPPs in the near future.

A Historical Analysis of Records and Archives Management System of Won-Buddhism (원불교 기록관리체제의 성립과 변천)

  • Ha, Jong-Hee
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.17 no.2
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    • pp.157-176
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    • 2006
  • This study covers the transition of the records and archives management system of Won-Buddhism. The System can be reviewed in four eras. In the Bulbeopyeonguhoe regulations era(1924$\sim$1948), records and archives were managed in an elementary but more ingenious manner than in any other era. The first phase of the Won-Buddhism regulations era(1948$\sim$1965) was governed by the Won-Buddhism Regulations, though the traditional system of the Bulbeopyeonguhoe regulations era was still widely practiced. During the second phase of the Won-Buddhism regulations era (1965$\sim$1994), the system of "national regulations" was actively introduced into the Won-Buddhism system of managing records and archives. During the third phase of the Won-Buddhism regulations era(1994$\sim$present), the Won-Buddhism Regulations had their own meaning because in that they were the first regulations of Won-Buddhism established for the sole purpose of managing records and archives. This study has significance for understanding the Won-Buddhism system of managing records and archives.

A Analysis on the Present State and Character of Game Regulation in Korea (게임 부문 규제 현황 및 특성 분석: 규제개혁위원회 등록 규제에 대한 게임 정책 신뢰에 대한 소고)

  • Choi, Seong Rak
    • Journal of Korea Game Society
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    • v.15 no.2
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    • pp.145-158
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    • 2015
  • There are a lot of game regulations in Korea. Each scholar has invested a game regulation. But there is no research about all the game regulations. All regulations in government should be registered in Regulatory Reform Committee. So, this study researched the all game regulation in Regulatory Reform Committee and found the present state and character of game regulation in Korea. The registered game regulations are only 22. But actually, there are 44 regulations in game field. And according to legal context, there are over 60 regulations in game field. And a lot of game regulations focus on the game addiction and gambling. The differences of regulation would influence the policy trust and government trust. This result would contribute to reform the regulation of game in Korea.

An Analysis of the Local Laws and Regulations in Conflict of the Local Government (지방자치단체 갈등관리 분야 법규 분석)

  • Byun, Sung-Soo;Ryu, Sang-Il;Choi, Ho-Taek
    • The Journal of the Korea Contents Association
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    • v.9 no.12
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    • pp.797-804
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    • 2009
  • This paper as basic study for the effective conflict management of the local government analyzed the local laws and regulations in conflict. The significant analysis details of this research are a basic contents, a goal and conflict party, a term of the laws and regulations and an consideration committee, an mediation committee, a important different item. And this research suggests that the improvement of he local laws and regulations in conflict are the local government chief's understand change about conflict management, strengthening a role of the conflict management organization and an implementation of agreement subject, the spread of a administrative and financial support clauses.

A Study on the Revision of Regulations to Develop Flexible Long-Life Housing (장수명 공동주택의 가변성 확보를 위한 법규 개정 방안 연구)

  • Park, Ki-Bum;Kim, Soo-Am
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 2007.05a
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    • pp.199-203
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    • 2007
  • The desultory reconstruction of multi-family housing, no more than 20 years from the permit on the completion, have invited environmental disruption and extravagance of resource. To get over these problems, it is important to develop long-life housing, which is physically strengthened durability(long life) and functionally not outdated(remodeling ability). To activate Long-life housing, investigating current regulations on the long-life housing is as much important as the research on the technologies of long-life housing. To meet the raised, diverse, and varying needs of occupants, the research on the long-life housing must go side by side with the investigation on the regulations. So this research focused on the analysis of regulations and pratical revision of regulations to develop flexibility of the long life housing.

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Comparative Study on Application of Korean Railway Safety Law and Urban Transit Safety Law to Urban Maglev Vehicle in Crashworthiness Regulations (도시형 자기부상열차에 대한 철도안전법과 도시철도안전법의 충돌안전기준 적용의 비교 연구)

  • Lee, Hyun-Cheol;Koo, Jeong-Seo
    • Proceedings of the KSR Conference
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    • 2008.06a
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    • pp.748-754
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    • 2008
  • This paper studied on the application of Korean Railway Safety Law and Urban Transit Safety Law in Crashworthiness Regulations to the urban maglev vehicle of KIMM. The crashworthiness regulations for urban transit vehicle should be satisfied to the urban maglev vehicles according to crash analysis results using the explicit finite element method. However, according to its numerical results, the crashworthiness regulations of Korean Railway Safety Law were partially satisfied except the coupling and shunting condition. When a commercial urban maglev vehicle is developed in the near future, the crashworthiness regulations of Korean Railway Safety Law should be considered and satisfied during its structural design stage in some details

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