Товч агуулга:Public–private partnerships (PPPs) can deliver significant economic benefits, but only if they are well executed with strong legal, regulatory, and institutional frameworks. This paper examines the factors that have been important for shaping the PPP landscape of the Republic of Korea. Topics covered include fiscal soundness, unsolicited project proposals, and the refinancing and renegotiation of PPPs. It also explores the economic and social welfare benefits of infrastructure PPPs and highlights lessons learned from various countries in Asia.