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Korea

28/10/2021 by

Home | Countries | Korea

Korea

Country context

  • GDP per capita: 46 731 USD (2021)
  • Government debt: 58.8% of GDP (2020)
  • Population: 51.8 million (2020)
  • General government investment: 16.9% of GFCF (2020)
  • Subnational direct investment: 58.37% of general government (2019)
  • Infrastructure quality: 92.1/100 (2019)
  • Internet access: 99.9% of all households (2021)
  • Air and GHG emissions: 11t CO2 emissions/capita (2020)
  • Energy Transition Index: 61/100 (2021)

Source: OECD and World Economic Forum

Korea data

Long-term strategic vision for infrastructure

Fiscal sustainability, affordability, and value for money

Efficient and effective public procurement

Transparent, systematic and effective stakeholder participation

Coherent, predictable, and efficient regulatory framework

Whole-of-government approach to manage threats to integrity

Evidence-informed decision making

Strengthen critical infrastructure resilience

Ensuring asset performance throughout its life

Environmentally sustainable and climate-resilient infrastructure

Consistency of country performance in each pillar

Good infrastructure governance requires improvements across different dimensions. Preferably, countries should make progress in all dimensions involved in each of the pillars. Consistency is measured using the coefficient of variation; pay particular attention to pillars with low consistency as they may require more nuanced analysis.

  • Low
  • High

Case studies

  • Korean New Deal
  • Korea ON-line E-Procurement System
  • Incheon Bridge Project (GIH, 2021)

Related publications

  • Fostering Effective Energy Transition, World Economic Forum (2021)
  • ITF Transport Outlook 2021
  • Korean New Deal (2020)
  • Budgetary Governance in Practice: Korea (2019)

Links to useful data

  • 2022 OECD Governance of Infrastructure Dataset
  • 2020 OECD Governance of Infrastructure Dataset
  • Korea – Country Overview, InfraCompass, Global Infrastructure Hub
  • Country profile of Korea, OECD
  • World Observatory on Subnational Government Finance and Investment, Korea

Relevant public institutions

  • Ministry of Land, Infrastructure and Transport
  • Ministry of Economy and Finance

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