The rationales behind the Regional Development Investment Agreement are to enhance the local governments’ autonomy and capacity on their own regional development agenda and to break the policy silos among central ministries which dominate regional policies through sectoral approaches. In order to meet the goal of improving the efficiency of policies and the regional autonomy, the new agreement system is equipped with powerful tools. Financially, large amounts (approximately 15 billion KRW for each pilot region) of government support will cover 30-80% of the costs of projects in the agreements over up to 3 years.