Abstract

The purpose of this study is to examine the legal issues in terms of Urban Development System driven by the PPP (Public-Private Partnership) and then suggest improvement measures, based on the lessons from Pangyo Daejang Development Project. First, the land development with the condemnation of private properties should be allowed for the public entities in a strictly limited manner. Second, it is needed to regulate how the plotted lots are provided to the home builders and how they are evaluated, desirably following the precedents of Land Development Projects. Third, an independent third-party watchdog is a feasible alternative to control the issues concerning the choice of private partners and the documentation of projects. Fourth, the guidelines not to merge the heterogeneous projects must be stipulated to screen the Joint Developments.

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