Korean development and urbanization: Prospects and problems
Kim, K.; Mills, E.S.
World Development 16(1): 157-167
1988
ISSN/ISBN: 0305-750X Document Number: 351687
Korea has coped extremely well with an urban growth that has been among the fastest in the world during the last quarter century. In this paper, we discuss four urban issues that the Korean government must face during the remainder of this century. First we address the limitation on urban land supply imposed by greenbelts surrounding Seoul and other Korean cities. We estimate the reduction in Seoul housing costs that would result from relaxation of Seoul's greenbelt. Second, we estimate the effect on housing user cost that has resulted from the failure of the Korean government to provide for institutions that make loans with housing as collateral. Third, we discuss urban transportation issues. Fourth, we discuss issues related to urban public infrastructure and local government finances.