Reforming the Public Private Partnership Act for Internalized Management of Infrastructure Funds
인프라펀드 경영내재화를 위한 민간투자법 개정론
Abstract
Article 184 of Korea's Capital Markets Act requires infrastructure investment companies to operate as paper companies and delegate asset management externally, institutionalizing agency costs by law. Proposes three legislative pathways to allow investor choice between self-management and external management.