A presentation conducted by Dr Kang-Soo Kim, Executive Director, Korean Development Institute (KDI), Republic of Korea. Presented on Wednesday the 2nd of October 2013.
Infrastructure development has played an important role in achieving a high rate of economic growth and improving
the quality of life for Koreans. Empirical studies show this to be true, and that such developments have produced a high rate of economic return. This presentation chronologically reviews the infrastructure development in Korea and focuses on how the transport infrastructure development plan was linked to the country’s economic development plan. In particular, this presentation will provide insights on measures to tackle the lack of available resources for the infrastructure development. For example,
earmarked transport taxes, creation of special accounts and PPPs, which enhance Korean government’s fiscal flexibility will be introduced. This presentation will also
provide some experiences and lessons focusing on the infrastructure planning and financing for the infrastructure development.