S-Space College of Law/Law School (법과대학/대학원) The Law Research Institute (법학연구소) Journal of Korean Law Journal of Korean Law Volume 04 Number 1/2 (2004)
The Korean Market for Private Participation in Infrastructure - An Analysis of Risks and Opportunities for Private Investors
- Choi, Seung Ho
- Issue Date
- BK 21 law
- Journal of Korean Law, Vol.4 No.2, pp. 217-253
- The driving factor behind Korea’s push for development of infrastructure is its recognition in recent years that the acute lack of infrastructure in key sectors affects the country’s overall productivity. Despite this pressing need, the government has had to turn to the private sector for its much-needed greenfield infrastructure projects due to budgetary and financial constraints. In this respect, the Korean government firmly recognizes the correlation between a nation’s highly-developed infrastructure and its overall competitiveness in today’s globalized economy, and it is this need for development which has led the Korean government to focus on its private participation in infrastructure (“PPI”) scheme, encouraging both equity and debt participation by domestic and foreign participants.
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