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non-scientific claims in Hallyu in 2011, 2012, 2013 and 2014 (four volumes)112034313High-speed rail development continues to be a popular option for transportation funding in Korea. However, it has been criticized for causing traffic congestion on the rail corridors and for being expensive.This paper argues that Korea’s high-speed rail development should be grounded in sound public policy. By looking at the cases of Japan and Europe, the paper shows that fast-track high-speed rail development has led to a highly concentrated distribution of benefits to the rail users, high-speed rail corridors development is expensive and for each kilometer of rail corridor constructed, development of an additional kilometer generates very low incremental return.Korea’s high-speed rail development plan, however, fails to take into account the high-speed rail corridors inefficiency and over-investment. In particular, the government considers the high-speed rail corridors improvement to be desirable and does not quantify the economic benefits of high-speed rail corridor expansion. As a result, the government does not adequately evaluate the merits of high-speed rail corridor expansion.The paper concludes that the high-speed rail development plan has failed to consider the net benefits that the plan will generate, the actual price of high-speed rail corridors, and how the plan will be financed.

Summary

The author argues that Korea’s high-speed rail development should be grounded in sound public policy. By looking at the cases of Japan and Europe, the paper shows that fast-track high-speed rail development has led to a highly concentrated distribution of benefits to the rail users, high-speed rail corridors development is expensive and for each kilometer of rail corridor constructed, development of an additional kilometer generates very low incremental return.Korea’s high-speed rail development plan, however, fails to take into account the high-speed rail corridors inefficiency and over-investment. In particular, the government considers the high-speed rail corridors improvement to be desirable and does not quantify the economic benefits of high-speed rail corridor expansion. As a result, the government does not adequately evaluate the merits of high-speed rail corridor expansion.The paper concludes that the high-speed rail development plan has failed to consider the net benefits that the plan will generate, the actual price of high-speed rail corridors, and how the plan will be financed.

Review

112034313

High-speed rail development continues to be a popular option for transportation funding in Korea. However, it has been criticized for causing traffic congestion on the rail corridors and for being expensive.This paper argues that Korea’s high-speed rail development should be grounded in sound public policy. By looking at the cases of Japan and Europe, the paper shows that fast-track high-speed rail development has led to a highly concentrated distribution of benefits to the rail users, high-speed rail corridors 0b46394aab