Mutual Development of Korea and Kazakhstan Based on Public-Private Partnerships and Promotion of...
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Transcript of Mutual Development of Korea and Kazakhstan Based on Public-Private Partnerships and Promotion of...
Mutual Development of Korea and Kazakhstan Based on Public-Private Partnerships and Promotion of Development Projects
Lee Youn-hoAmbassador for International Economy and Trade Ministry of Foreign Affairs and Trade, Republic of Korea
I Notion of Public-Private Partnership(PPP) in Korea
II Types and Specific Cases of PPP in Korea
III Legislative Improvement for the Promotion of PPP in Korea
IV Recommendations to Kazakhstan for its promotion of PPP
1. What is PPP?
•A new way of operating the government’s administrative practice.
•Division of jobs between a ‘public authority’ and a ‘private party’ in public service, usually fully responsible by a public authority
Win-win results for both a ‘public authority’ and a ‘private party’
2. What are the benefits of PPP? Public Sector• Quality Improvement • Cost-saving
Private Sector• new business opportunities• job creation
Contributes to economic vitality in the nation
1. Major types of PPP
•Outsourcing of government
affairs
•Joint venture
•assistance for the private sector
2. PPP vs. Privatization
Privatization
•Complete replacement of a public authority in public service by a private party
•Private Party takes over the ownership and operating right
PPP
•Private party mainly takes over the ownership and operating right
•BUT, the Public sector still retains enough authority, in order to prevent abuse of monopolistic position by the private party
3. Possible Areas of PPP Application
•At a domestic level - Welfare, Environment, Culture, Policy, Public Relations, Anti-Corruption, Employment, Budget, IT Sector, etc.
•At an international level - financing and supporting of development projects in developing countries
4. Specific Cases of PPP in Korea•Training Program for agricultural leaders
from Mongolia• Joint management of overseas volunteer
activities by both public and private sectors•Winning the bid for nuclear power plants in
Dubai•Developing the “BRIDGE” program in Africa•Construction of the Korea-Cambodia
Friendship Road•Enhancement of ‘Knowledge Sharing
Program(KSP)
1. Goal•T0 Maintain consistent and stable operation of PPP
2. Laws and Regulations for PPP in Korea• Act on Public-Private Partnerships in
Infrastructure
• Framework Act on International development cooperation
3. Areas for further development •Establishment of a framework act for PPP
•Introduction of new procedural laws and regulations to expedite the process of PPP
•Revision of existing laws to demand joint liability for loss or damage caused by PPP projects
1. Korea-Kazakhstan Relations•elevated to a ‘strategic partnership’ in May
2009
•actively have cooperated, especially in the energy and natural resources development sector
•now, try to expand the scope of cooperation into healthcare, science, IT sector, etc.
2. Good examples of PPP between Korea and Kazakhstan•Deployment of working-level experts to Kazakhstan
to improve the nation’s electricity efficiency
•Establishment of the Korea-Kazakhstan Technology Cooperation Center in Daedeok Science Town, Korea, to support industrial diversification in Kazakhstan
•Pilot projects for solar power generation in Kazakhstan
•Knowledge Sharing Programs in Kazakhstan
3. Recommendations to Kazakhstan1) National directions for PPP projects to be
publicized
2) Not one-time development projects, BUT, consistent and long-term cooperation at a
national level to be pursued
3) legislative improvements to facilitate the participation of private parties or other countries in PPP projects