In order to measure the effect of ‘Clean Seoul, Clean Finance,’ the SMG drew up three schemes, which focus on better management of the city finance, namely the enhancement of transparency and work efficiency in project management, the improvement of transparency and work efficiency in financial practice, and the expansion of the scope of information for the public. In other words, the three schemes were set up to monitor the city finance and to open relevant information as the framework of ‘Clean Seoul, Clean Finance.’
With the inception of ‘Clean Seoul, Clean Finance,’ a number of benefits for both the citizens and the SMG are expected, including enhancement in work efficiency for the SMG employees and reduced number of corruptions and mistakes. Moreover, ‘Clean Seoul, Clean Finance’ will not only help the government to manage various financial projects better but will it enhance transparency because this initiative will let the SMG monitor those projects more efficiently as well as establish an internal control system. In addition to that, the SMG will be able to deliver more innovative public service by offering more comprehensive financial information. Altogether, the city estimates that the quantitative effect of ‘Clean Seoul, Clean Finance’ will be approximately KW two billion (equivalent to around USD two million).
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