Yeongcheon City Goes 'All In' to Secure National and Provincial Funds and Achieve Top Integrity Grade

Lee Hoseon conducted training for responding to central government public project competitions at the Korea Public Autonomy Research Institute. (Photo by Yeongcheon City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Yushin] Yeongcheon City in Gyeongbuk Province conducted training to secure national and provincial funds and achieve a first-grade integrity rating.

On the 14th, Yeongcheon City held a training session at the Citizens' Hall attended by about 600 employees, including department heads and team leaders, covering subsidy execution and settlement, as well as strategies for responding to central government ministry public project competitions to secure national funds for 2020.

On that day, Lee Hoseon, a public project expert from the Korea Institute of Public Administration, provided education on government policy directions, the 2020 schedule and budgets for ministry-specific public project competitions, and response strategies by sector for central government public projects.

Last year, the city secured a total of 47 government public projects with a budget of 146.5 billion KRW. Compared to 2018, the number of projects doubled, and the budget increased more than threefold. Notably, major projects in the urban regeneration sector were selected, such as the Unhadong Industrial Area Revitalization Pilot Project (national funds of 50 billion KRW) and the Seobudong Village Maintenance-Type Public Housing Project (national funds of 37.6 billion KRW).

Prior to the public project training, a 'Local Subsidy Execution and Settlement Training' was also conducted to ensure transparency and legality in the execution of local subsidies.

This year, with the enforcement of the Act on the Prohibition of False Claims and Recovery of Unjust Benefits in Public Finance, if public institutions falsely or excessively claim or misuse so-called 'public finance' such as subsidies, compensation, and contributions, penalties of up to five times the amount can be imposed.

Choi Ki-moon, Mayor of Yeongcheon City, urged, “I hope that public projects essential for Yeongcheon’s development will be thoroughly prepared from the beginning of the year and secured without fail, and that subsidies will be carefully reviewed to support achieving a first-grade integrity rating.”

This content was produced with the assistance of AI translation services.