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Infrastructure planning and financing in Korea : Insight to Economic Development

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Frame of Image ndicate that infrastructure development has been contributing to the economic growth in Korea The infrastructure investments in the past represent higher rate of economic return than the growth rates of Korea’s economy
 This presentation provides some experiences and lessons based on the planning and financing for the infrastructure development in Korea.
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Economic Infrastructures  Today’s focus: Transport (Roads, Rails, Airports and Seaports)  Industrial parks, Power plants and dams, Telecommunication Social Infrastructures  Schools, museums, hospitals, public housing and social welfare facilities
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Infrastructure Development and Economic Growth
 After the Korean war(1950~1953), the Korean economy began making solid recovery
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The recovery was achieved by the assistance of foreign countries, which continued only for a couple of years (the primary source of funds were during the 1960s)
 In May 1961, General Park Chung Hee gave Korea strong political leadership that drove to economic development
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The economic development was based on the “Five-year Economic Development Plan” The infrastructure development was tied to the economic development plan
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 The first Five-Year Economic Development Plan (1962-66) period
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Focused on developing light industries and the country’s import substitution capacity
 Infrastructure to support these activities included the construction of 275 kilometers of railways and several highway projects  Rail was the main priority
3
Infrastruct


Full Text
Title Infrastructure planning and financing in Korea
Similar Titles
Sub Title

Insight to Economic Development

Material Type Proceedings
Author(English)

Kangsoo Kim

Author(Korean)

김강수

Date 2013
Pages 44
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Industry and Technology
Holding KDI School of Public Policy and Management
Venue Seoul