[Seoul] Promoting 'Public Offering Private Investment Project'...Public Available Sites Pre-Disclosure

The Seoul Metropolitan Government will first disclose public available sites for the first time in the country and launch a "public private investment project" that receives creative business plans from the private sector.The city of

said it will promote a profitable private investment project centered on social overhead capital (SOC) as its first public offering type private investment project within this month, and will disclose the detailed schedule later.

Private businesses selected for the contest will first write proposals as consultants, and in the process, they will receive consulting on policy directions from the city.The city of

said it expects to improve the quality of life of citizens by transforming underutilized public lands into fresh ideas from the private sector.