14. The following lists the background factors behind the introduction of the Government Project Preliminary Feasibility Study (PFS) in South Korea. Which is NOT INCORRECT?

(a) The growing importance of prior review of public investment projects compared to private investment projects.

(b) Increased need for proper implementation of long-cherished projects of local governments.

(c) Increased need to streamline expenditure due to the foreign exchange crisis in 1997.

(d) Limitations of feasibility assessment by line ministries.

Answer: ______________

15. The following lists the background factors behind the introduction of the Public Institute Project PFS in South Korea. Which is INCORRECT?

(a) There was a consensus that public institutions' large-scale projects should be exempted.

(b) Excessive competition with the private market took place.

(c) Financial debt of public institutions increased in the 2000s.

(d) Projects that were irrelevant to the institution's goals were implemented by public institutes.

Answer: ______________