The Act on Public-Private Partnerships in Infrastructure together with the Enforcement Decree of the Act on Public-Private Partnership in Infrastructure are the main components of the legal framework for public-private partnerships (PPPs) in South Korea.

The purpose of this Decree is to prescribe matters delegated by the Act on Public-Private Partnerships in Infrastructure and those necessary for the enforcement thereof.

The presentation Overview of Korean Players’ Overseas PPP Participation delivered by Lim, Hankyu, Head of Project Development Division, Korea Overseas Infrastructure & Urban Development.

Kim, Jay-Hyung, Jungwook Kim, Sunghwan Shin, and Seung-yeon Lee. 2011. 

Public-Private Partnership Infrastructure Projects: Case Studies from the Republic of Korea. Volume 1, Institutional Arrangements and Performance. Manila: Asian Development Bank.

Image by Pixabay

Image by Pixabay

This paper underscores how strong institutions, unified procurement frameworks, and effective dispute resolution mechanisms can improve the implementation of infrastructure PPPs in these countries. A comparative analysis also draws lessons for other economies in Asia and the Pacific that are seeking to improve the efficiency and effectiveness of their PPPs. 

Interview: Kang-Soo Kim is Executive Director, Public and Private Infrastructure Investment Management Center (PIMAC), at the Korea Development Institute (KDI), the Republic of Korea’s leading think tank on national economic development.

Benchmarking Public-Private Partnerships (PPP) Procurement presents comparable information on PPP procurement on a large scale by providing systematic data on the regulatory frameworks and practices governing PPPs in 82 economies. It aims to inform decision-making on the design of PPP procurement policies and regulations, by benchmarking against recognized good practices that promote transparency and encourage fair competition across four key areas of the PPP project cycle.

On the PIMAC website you will find Law, Guidelines and Technical Guidelines. 

Image by Pixabay

The official website of South Korea Public and Private Infrastructure Investment Management Center (PIMAC).

KDIS. 2017. “KDI School of Public Policy and Management.” Seoul: Korea Development Institute. Website. [#4610]

Public and Private Infrastructure Investment Management Center (PIMAC) is an independent organization working with the Ministry of Economy and Finance.