sOUTH kOREAN Gov't waives viability tests for big projects to promote balanced development

Economic viability tests are conducted on projects that get more than about 26 million U.S. dollars in government funds, but the South Korean government will waive the assessments on select projects in the interest of helping less developed regions of the country catch up.
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The projects that the government will be waiving the test on are focused on two things: improving traffic and logistics networks across the country and nurturing regional industries.

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