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Effect Of The Relocation Policy Of Public Agencies In South Korea, Chan Ho Kim
Effect Of The Relocation Policy Of Public Agencies In South Korea, Chan Ho Kim
MPA/MPP/MPFM Capstone Projects
In 2005, the government announced the relocation policy of public agencies to non-capital regions. The main purpose of the policy was to decentralize population in the SMA (Seoul Metropolitan Area) through building regional competitiveness. The transfer of 98% of the public institutions was completed in April 2017 (MOLIT 2017). However, unlike the blueprint for the initial plan for the relocation of the agencies, there may be an increase in social cost and insufficient contribution to the regional economic development.
This study empirically examines effectiveness of the policy and its impact on regional economic growth and on how differently the policy …