This article aims to identify the key challenges of regulatory reform in the Executive branch of the Korean Government and make suggestions to overcome these challenges. For the last 30 years, regulatory reform, albeit emphasized amply by every administration. has not been successful in Korea. Previous research on the unsatisfactory progress of regulatory reform consistently point out the inadequacies of the reform system, the passive work attitude of public officials, discord between the regulatory policymaking of the central government and its implementation by local governments, lack of motivation of and incentives for public officials, and ineffective monitoring and feedback mechanisms of performance of regulatory reform as key hurdles to regulatory reform. Among various obstacles to regulatory reform, this article focuses on the insufficiency of continuous and consistent reform leadership of the president and the low capacity and expertise of key actors in the arena of regulation including the Regulatory Reform Committee (RRC) and regulatory agencies in the Executive branch. This article suggests that regulatory reform is more likely to succeed and, accordingly, increase public interest when it is preceded by the continuous strong reform leadership of the president, science- and evidence-based regulatory impact analyses, adequate allocation of resources to reform organizations, and transparency and accountability through more information disclosure related to regulatory policies and reform.