(1) Reasons for Proposal

The Amendment specifies implementer requirements for public-private joint corporations introduced to increase private sector participation in the smart city development and operation process. It prescribes the designation of assessment agencies, detailed assessment methods, etc., to ensure the systematic operation of the smart city certification scheme. It prescribes detailed criteria to ensure the systematic operation/management of smart city infrastructure, and otherwise addresses and improves upon a number of weaknesses that have emerged from the operation of the current system.

(2) Major Provisions

A. Specify project implementer requirements for public-private joint corporations (Article 17)

Specify investment requirements that must be met for a public-private joint corporation to be designated as a project implementer

B. Prescribe the systematic operation and management of smart city infrastructure (Article 22)

Prescribe grounds to stipulate detailed criteria to ensure the systematic operation and management of smart city infrastructure 

C. Specify the certification method, etc., of smart cities, etc. (Article 31)

Specify assessment agency designation, assessment requests, and other aspects of the assessment method to ensure the systematic certification of smart cities, etc.

D. Modify provisions on outsourcing to ensure the smooth progress of smart city affairs such as national pilot cities (attached Table 3)