South Korea at a glance
- 2 Investment Programs
- 1 Project Tracker
- Downloadable data
- National coverage
- All sectors covered
The Republic of Korea has increased the transparency and fairness of public procurement, which help drive investment activity in infrastructure projects. This is also supported by a highly liquid capital market and increased ease of doing business within the country, promoting competition.
South Korea has three tiers of government comprised of the national, high-level, and low-level local governments and a civil law system. High-level local governments are made up of metropolises and provinces, whilst low-level local governments include cities, counties, and districts. Infrastructure is predominantly developed by Korea's local governments, but national ministries are involved in larger projects.
The 2050 Carbon Neutral Strategy provides sector-specific plans in energy, industry, transportation, buildings, waste and carbon sinks to reach carbon neutrality.
This database of private investment projects in Korea is maintained by the Korean Development Institute (PIMAC).
The Korean New Deal focuses on digital infrastructure, green energy, and a 'stronger safety net' with an Investment Program earmarked for each area.
In tandem with the development of forward pipelines, the National Infrastructure Banks and Similar Financing Facilities tool serves as guidance to governments looking to establish or reform National Infrastructure Banks. These institutions can maximise the quantity and quality of infrastructure projects and crowd in private investment, providing value for end users. National Infrastructure Banks provide the financing, expertise, and long-term planning for both public and private stakeholders to develop infrastructure in line with the needs of the community.