Seoul City and Private Developers Hold the '2nd Good Development Forum'... Public-Private Cooperation

Held on the 16th at the Seoul Institute Conference Room, live on YouTube
Participation from private developers, Seoul Institute, national research institutes, Korea Asset Management Corporation, etc.
Discussion on policy directions for efficient management of public land resources

[Asia Economy Reporter Lim Cheol-young] The Seoul Metropolitan Government announced on the 14th that it will hold the "Good Development Forum" to publicize issues related to good development and exchange opinions with various stakeholders on the efficient management of Seoul's public land resources and future policy directions.

This forum, held for the second time following last October, is hosted by the Seoul Metropolitan Government and organized by the Seoul Institute. It will be conducted online via live streaming from the second-floor auditorium of the Seoul Institute starting on the 16th, and participation is also possible through YouTube. Participants include the Seoul Institute, Korea Research Institute for Human Settlements, Architecture and Urban Research Institute (AURI), Korea Asset Management Corporation (hereinafter Kamco), private developers (Nomura Research Institute, Aegis Asset Management), financing sector (Samil Accounting Corporation, Hanyang Securities), and public-private partnership sector (Pan Impact Korea).

The first part of the forum consists of three sessions. The first session, titled "Efficient Management of Public Assets," will be presented by Park So-young, a research fellow at the Korea Research Institute for Human Settlements. The session will deeply address the current status of public asset management in Korea and suggest future directions, emphasizing the importance of asset management.

The second session will follow with a presentation by Park Jang-hee, Manager of the New Growth Strategy Team at Kamco's Public Development Planning Department, on "Management and Organizational Operation of National and Public Property." This presentation, focused on actual development cases, is expected to provide vivid insights into the operational structure of the dedicated organization for national and public land development in Korea.

The third session will conclude with a presentation by Kwak Je-hoon, CEO of Pan Impact Korea, on the "Concept and Cases of SIB." He will introduce the concept of Social Impact Bonds (SIB), a performance-based public-private partnership (PPP) model, along with domestic and international cases.

The second part of the forum is a discussion session designed to create a platform for public and private cooperation by discussing good development policy directions for the efficient operation of Seoul's public assets. It will provide an opportunity to hear diverse expert opinions. The discussion will be chaired by Professor Koo Ja-hoon of Hanyang University and will include participants such as Yang Byung-hyun, Head of Seoul's Public Development Promotion Division; Lee Sung-chang, Research Fellow at the Seoul Institute's Urban Space Research Office; Yeom Cheol-ho, Senior Research Fellow at the Architecture and Urban Research Institute; Park Jong-hyun, Director of Nomura Research Institute (Seoul); Bok Jun-ho, Head of Development Investment at Aegis Asset Management; Hwang Kyung-gap, Director of Real Estate Finance at Samil Accounting Corporation; Shin Jun-hwa, Head of Project Finance at Hanyang Securities; and the three presenters.

Hong Seon-gi, Head of the Seoul Public Development Planning Division, said, "The paradigm is shifting from growth-oriented development that simply supplies public service facilities to development for sustainable growth," adding, "This 'Good Development Forum' is expected to be a collaborative platform where the public and private sectors jointly explore development directions for economic coexistence."

This content was produced with the assistance of AI translation services.