Directions towards the Improvement of Regulatory Legislation on New Technologies and Industries in the 21st Century
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This Article explores the issue of regulation and legislation on new technologies and industries in an integrated manner, taking it as a matter of 'regulatory legislation' and focusing on legislation. It reviews the principles of regulatory legislation on new technologies and industries, subjects of regulation and regulatory methods, and refinement of existing statutes and legal theories that impede new technologies and industries. The principles of desirable regulatory legislation for new technologies and industries are as follows: Regulatory legislation on new technologies and industries should be temporary (temporary legislation) and step-by-step (stepby- step legislation). Measures are needed to cope with legislative invalidity and legislative gridlock on new technologies and industries. The non-blanketdelegation doctrine should be reexamined. Legislation that allows a regulatory sandbox is a legislative alternative that fits the regulatory system and the reality of Korea. In order to guarantee the regulatory equity, a regulatory equity system should be established to exclude the application of unreasonable statutes and regulations to new technologies and industries. In order to accommodate new technologies and industries, outdated and unreasonable existing legal theories, including the traditional theories of risk regulation and business patent, should be reconsidered and adjusted in line with social changes.
Abstract
This Article explores the issue of regulation and legislation on new technologies and industries in an integrated manner, taking it as a matter of 'regulatory legislation' and focusing on legislation. It reviews the principles of regulatory legislation on new technologies and industries, subjects of regulation and regulatory methods, and refinement of existing statutes and legal theories that impede new technologies and industries. The principles of desirable regulatory legislation for new technologies and industries are as follows: Regulatory legislation on new technologies and industries should be temporary (temporary legislation) and step-by-step (stepby- step legislation). Measures are needed to cope with legislative invalidity and legislative gridlock on new technologies and industries. The non-blanketdelegation doctrine should be reexamined. Legislation that allows a regulatory sandbox is a legislative alternative that fits the regulatory system and the reality of Korea. In order to guarantee the regulatory equity, a regulatory equity system should be established to exclude the application of unreasonable statutes and regulations to new technologies and industries. In order to accommodate new technologies and industries, outdated and unreasonable existing legal theories, including the traditional theories of risk regulation and business patent, should be reconsidered and adjusted in line with social changes.
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