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Korean environmental regulations : Ready to take on one of the world's largest private real estate development projects?

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  • Korean environmental regulations
  • Kim, Joon H.
  • University of Washington


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Title Korean environmental regulations
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Sub Title

Ready to take on one of the world's largest private real estate development projects?

Material Type Articles
Author(English)

Kim, Joon H.

Publisher

[Seattle]:University of Washington

Date 2006-06
Journal Title; Vol./Issue Pacific Rim Law & Policy Journal:vol. 15(no. 2)
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Territorial Development < Environment
Government and Law < Laws and Legislation
Holding University of Washington

Abstract

The South Korean government designated three new Free Economic Zones in an effort to become the financial and logistical hub of Northeast Asia. One of these zones, the Incheon Free Economic Zone (“IFEZ”), will encompass 209 square kilometers of completely new development on reclaimed land and is said to be the biggest real estate development project currently in the world. China started using economic zones much earlier in history and although China experienced economic benefits, it also experienced severe environmental degradation in its highly successful special economic zones. Similarly tremendous economic growth will result from the influx of foreign direct investment into IFEZ, which is likely to result in some environmental harm. This Comment argues that with such high levels of concentrated development, the existing South Korean environmental regulatory system will not to be able to protect the natural environment within the IFEZ. (The rest omitted)