• Journal of Cadastre & Land InformatiX
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• v.45 no.1
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• pp.75-97
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• 2015

Recently public institutions' debt is growing therefore it became an important issue to the level that the government concerns about the possibility of financial burden to reduce the debt. Especially debt of public enterprises in metropolitan areas was in a serious state where debt in late 2013 was 43.2 trillion, which takes approx. 58.4% of 73.9 trillion of debt of all local public enterprises. Sound financial state of local public enterprises is important to public enterprises in metropolitan areas and it may affect seriously financial stability of local governments when public enterprises have financial problems. However, land supply business to form local industrial complexes or local demand for development of public rental housing business always exist; and vitalizing local economy and creating jobs through these businesses are very necessary to develop the areas. However, for local economic development, industirial land business and public rental housing business are needed. In this study, Gwangju Metropolitan City Corporation Ltd is used as a case study to evaluate the local public financial soundness via debt management assessment i.e.(using) the feasibility analysis in the urban development and housing development. As an improvement measure following the result of analysis, for the enhancement of financial soundness of urban innovation corporation, the government and local government shall evaluate and differentiate market demand, price competitiveness, and infrastructure of new town land development project to improve accuracy of project feasibility analysis. Another important insight is that there should be local government-centered management of liabilities of the local government and local public enterprises with the integrated liability management system to reduce the liability of the corporation and solve the issue of debts for local government. This study is significant in that it has analyzed cases from the theoretical aspect to secure financial soundness of national and local public enterprises.

• Journal of the Korean Regional Science Association
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• v.35 no.3
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• pp.45-58
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• 2019

The government is recently pushing for five large-scale public housing sites near Seoul, the so-called third wave of new towns. In this regard, this study sought to analyze the key considerations in planning new towns from the perspective of the residents who are the consumers, using survey data. For this purpose, frequency analysis and variance analysis(ANOVA) were conducted on existing first and second era of new towns and the third era of new towns scheduled for construction. Eight indicators, such as environmental comfort, self-sufficiency such as jobs, transportation access and convenience, were set as subordinate variables, and characteristics of residents, including gender, age, number of households, household income, occupation, and residential areas, were set as explanatory variables. According to the analysis, the respondents rated the first era of new towns more positively than the second era of new towns. For self-sufficiency items such as jobs, both the first and second era of new towns showed low levels. In addition, for the eight indicators, the first era of new towns were no significant differences depending on gender, number of households, or household income, and the second era of new towns were no significant differences by the number of households, household income, occupations or place of residence. However, for new towns in the third period, the assessment of the importance of each indicator by age, number of households, household income and occupation showed significant differences. The results of the multi-comparison analysis of the third era of new towns showed that the importance of environmental comfort was highly valued by the youth, the managerial/professional/clerical position, single or five more persons of household, and the youth, high income household, the managerial/professional/clerical position when it comes to accessibility and convenience of transportation. It suggests that various personal characteristics and demands for each of the planning indicators need to be considered in planning for the third era of new towns.