Seoul: Yeouido Project/Urban Finance in Seoul

One chapter in this book is “Urban Finance in Seoul”, which includes a lot of data that explain the financial situation of lagre development projects. For Yeouido project, it explains that “most of the cost of the Yeouido development was covered by sales of the improved land to the private sector and to other special accounts of Seoul City, such as Housing. Only 13 percent in the way of general account subsidy has been necessary in the overall financing of the Han River Project.”

Source:

Bahl, Roy W. and Michael J. Wasylenko. “Urban Finance in Seoul.” Development Degest 14, no. 2 (1976): 20-30. U. S. Government Printing Office.

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