Written by KDI PIMAC, Republic of Korea
23 April 2019

PIMAC, which leads the preparation of pre-feasibility studies in Korea, has prepared sector-specific guidelines for the preparation of pre-feasibility studies in accordance with the General Guidelines for Preliminary Feasibility Studies. It examines the efficiency and appropriateness of a project by reviewing its economic and policy feasibility, as well as investment priorities and optimal investment timing, amongst others.

The sectoral coverage is fairly diverse and includes culture and tourism, airports, ICT, medical facilities, roads, railways, ports, dams, and water. The role of PIMAC in Preliminary Feasibility Studies also includes the development and revision of policies and methodologies, as well as the construction of the PFS database.