The Federation of Korean Industries (FKI) has urged South Korea to assess regulation’s effects on investment and innovation while assigning enforcement agencies a clearer duty to support economic growth. Its report, titled "Key Contents and Implications of the UK’s Regulatory Legislation for Growth," examined UK reform trends and proposed four measures for improving South Korea’s regulatory system. The UK announced a legislative plan in May 2026 to raise agencies’ obligation from considering growth promotion to actively supporting growth. The bill was in the pre-legislative stage at Parliament as of this month and would require agencies to report growth-support actions and results alongside safety, environmental and consumer-protection duties. It would also establish statutory strategic guidance from the relevant minister. The UK plans to expand regulatory sandboxes (temporary frameworks for testing innovations) across the economy, while FKI called for stronger links between successful verification, legal revision and commercialization in South Korea. The report cited the 2025 Regulatory Reform White Paper, which said 617 of 2,526 approved sandbox tasks, or 24.4%, produced regulatory improvements by last year. FKI recommended growth-impact assessments in regulatory impact analyses, monitoring and disclosure of delayed legal revisions, legislative sharing of verification results, coordinated schedules for multi-ministry cases and evaluations focused on commercialization and business continuity rather than approvals alone.