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Economy Economic Conditions
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Infrastructure planning, project selection and management

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Frame of Image ment, and Spatial Development (1960s) Category Economic Growth Description − The first Five-year Economic Development Plan (1962~1966) formulated, the beginning of a series of Five-year Economic Development Plans − Export-driven economic development policy − Developing light MFCT industries − 275km rail construction mainly to link mining sites (coal, iron ore, limestone, and tungsten) to industrial sites − Investment priority shifted from rail to highway because of high costs − First two expressways constructed: the Seoul-Incheon expressway and Seoul-Busan expressways − Government concentrated its investment on a few regions with highest growth potentials, Seoul-Incheon and Seoul-Busan corridors − In 1964, the government adopted measures to curb overpopulation in Seoul. However, the measures were not effective due to the policy of encouraging industrial investments, which led to Seoul’s continued growth. − In 1967, “the Grand Territory Construction Plan” drafted in 1967, making the first step in comprehensive territory development 3 Infrastructure Development Spatial Development Development of Seoul-Incheon and Seoul-Busan Corridors Source: KDI School(2013) 4 Economic Growth, Infrastructure Development, and Spatial Development (1970s) Category Economic Growth Description − Restructuring of economy into heavy and chemical industries along the south-eastern coast − Economic growth accelerated. GNP has increased from 8.1 bill $ (1970) to 61.6 bill $ (1979) − Industrial sites and


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Title Infrastructure planning, project selection and management
Similar Titles
Material Type Proceedings
Author(English)

Park, Hyun

Publisher

[Seoul] : University of Seoul
Date 2015-07
Event [Workshop] Mid-Career Training Program for IAS Officers
Series Title; No Mid-Career Training Program for IAS Officers: Korea Study Tour
Pages 40
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Territorial Development < National Land Development
Holding University of Seoul; KDI School
License