Acknowledgements

The OECD Secretariat is particularly grateful to the Korea Institute of Public Finance (KIPF) for its support of the research that provided critical input to this report, in particular to Mr. Junghun Kim, Director of Fiscal Research, and Chair of the OECD Network on Fiscal Relations across Levels of Government. The OECD is also grateful to the delegates of the Territorial Development Policy Committee (TDPC) for their rigorous feedback on the initial drafts. The draft report was discussed at the TDPC Committee meeting in December 2010. Updates and fact checks by national delegations were received in the first quarter of 2011.