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The promise and pitfalls of public-private partnerships in Korea

Bibliographic Data

ID4389005
AuthorsSang–chuel Choe (Seoul National University, corresponding author)
Year2002
Volume54
Issue172
Pages253-259
Publication date2002-06-01
Open AccessYes
TypeARTICLE
VenueInternational Social Science Journal (JOURNAL)
Journal identifiersISSN: 0020-8701 • E-ISSN: 1468-2451
PublisherWiley (PUBLISHER • GB)
DOI10.1111/1468-2451.00377
OpenAlexW2059609979
LanguageEN
Citations received6

Urban problems are becoming too serious to leave solely in the hand of government authorities but have necessitated drawing the wisdom and resources of all parties involved in contemporary urban predicaments. The paper is to review the historical evolution of the public-private partnership concept and to highlight the generic promise and drawbacks of the public-private partnership. The two cases, which have long been practiced in Korea, are introduced to shed some lights on how the public-private partnership works in reality. The first case is the cooperative urban renewal programme which involves three parties: the residents, construction firm, and municipal authority for their own sake of slum-squatter improvement. The second case is the land readjustment programme, which aims at converting raw land to buildable urban land by the participation of landowners and public authority. It is expected to pose a new question for the further refinement of the public-private partnership concept and to give some lessons for cross-cultural comparison

Business · Economic growth · Economics · General partnership · Government (linguistics) · Political science · Population · Public relations · Public–private partnership · Slum · Sociology · Finance · Public Administration · Public-Private Partnership Projects · Urban and Rural Development Challenges · Urban Planning and Governance

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Citations per year0.32
Citation span2007 - 2024 (18)
Highly citedNo

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