2008, Vol.56, No.

The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2

pISSN : 1229-8638
https://journal.kci.go.kr/krihs

This paper focuses on deriving policy alternatives in constructing uBio-City OSong. It is interested in combining construction plans of uBio-City OSong with Geoff Coyle’s ACTIFELD approaches. First, it is urgent to prepare additional financial sources. uBio-City OSong should be backed up by the appropriate business units, going beyond the consistent initiatives of the administrative units. Secondly, in order to set up an appropriate social infrastructure network, uBio-City OSong needs both long-run plan and road map which would facilitate various uBio services. Thirdly, in terms of institutional dimension, it would be better for uBio-City OSong to organize specialized task force teams in the nearest future, as the enlargement of human capital within its own administrative jurisdiction is essential in the present stage. Lastly, it should devise specific implementation tactics, all of which would contribute to upgrading its self-created brand value.

This study analyzes the efficiency of local public investment expenditures in Korea. Using Korean panel data for the period 1986-2005, the local product function was estimated. The estimation model was based on the annual data of mining and manufacturing value-added as the dependent variable. And the independent variables were the annual data of local capital, local labor and local public investment expenditures. Before the analysis began, a relatively new panel unit roots test and a panel cointegration test were performed. The estimation results showed that the coefficients of the local public investment expenditures of non-metropolitan areas have decreased in recent years. In this overall perspective, the local public investment expenditures of non-metropolitan areas in Korea are inefficient in recent years from the point of views of allocation and dynamic growth.

This article focuses on the challenge of developing North Korean Special Economic Zones (SEZs) successfully by utilizing and exploiting the competitive capabilities and the market forces of South Korean economy based on the theoretical approaches such as double diamond model and spatial fix perspective. In fact, among four North Korea’s SEZs. the Rajin-Sunbong SEZ has been regarded as a failure and the Sinuiju SEZ has been developing more slowly than was hoped. In contrast the Gaeseong SEZ and the Mt. Kumkang SEZ’s development have been making smooth progress. As matters stand now, this article suggests adopting a sequential approach for successfully establishing North Korean SEZs rather than adopting a simultaneous approach. South Korean competitive power will be stated with linking the Gaeseong SEZ and extended to Pyeongyang, the Sinuiju SEZ. The way to attract a foreign investment into SEZ is that the North Korean SEZs not only fully utilize its cheap labor forces but also South Korean’s attractive market demand. Competitiveness in labor forces appeals to multinationals seeking for production efficiency and the Seoul metropolitan area adjacent to the Gaeseong SEZ can be an attractive foreign investment climate to the multinationals seeking for potential market.