A feasibility study is a type of technical grant provided to developing countries in which master plans, basic studies, and detailed designs are made for various projects. Feasibility studies aim to promote the economic and social development of developing countries by transferring Korea’s specialized technical know-how. A development project is generally conducted in the following five stages:
① Identification → ② Preparation → ③ Appraisal → ④ Implementation → ⑤ Evaluation
*note: Phases ① and ② are stages where key plans for project implementation are worked out.
