Is Lee Jae-myung the Key Contributor to KINTEX Exhibition Hall 3's 'Preliminary Feasibility Study Approval'?

Governor Lee sent a letter to Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki on December 4 last year, earnestly requesting cooperation for the Kintex Exhibition Hall 3 Construction Project

A letter sent by Lee Jae-myung, Governor of Gyeonggi Province, to Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, on December 4 last year

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will spend 493.1 billion KRW (including national and city funds) by 2024 to build a third exhibition hall at KINTEX in Goyang, following the government's preliminary feasibility study approval. If this happens, KINTEX will rise to become the 22nd largest exhibition center in the world.

Gyeonggi Province expects that the construction of the 3rd exhibition hall will generate a production inducement effect of 542 billion KRW, an added value inducement effect of 234.4 billion KRW, employment inducement of 5,014 jobs, and job creation of 5,293 positions.

Meanwhile, it has come to light that Governor Lee Jae-myung of Gyeonggi Province sent a letter to Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki on December 4 last year, about 40 days ago, requesting prompt cooperation for the construction of the 3rd exhibition hall, drawing attention.

In the letter at that time, Governor Lee began by saying, "I am writing to you, Minister, to request the active cooperation of the Ministry of Economy and Finance to promptly advance the delayed KINTEX 3rd exhibition hall construction project."

He continued, "As you well know, Minister, KINTEX is an international trade exhibition center representing Gyeonggi Province and one of South Korea's competitive exhibition venues. However, it has already reached saturation to the extent that new exhibitions cannot be held within the next 3 to 4 years. Gyeonggi Province has been promoting the construction of the KINTEX 3rd exhibition hall for several years, but the project has been unexpectedly delayed," expressing regret.

He added, "The KINTEX 3rd exhibition hall construction project was selected as a preliminary feasibility study target project by the Ministry of Trade, Industry and Energy's exhibition hall expansion review in July 2016 and the Ministry of Economy and Finance in December of the same year. The preliminary feasibility study was completed in December 2018, but due to the re-examination of the preliminary feasibility study in August this year, the final results have not yet been announced. The construction of the KINTEX 3rd exhibition hall is a project of great importance not only to Gyeonggi Province but also nationally, with expected economic benefits," he evaluated.

Governor Lee particularly emphasized, "With the construction of the 3rd exhibition hall, KINTEX will leap to become an international exhibition center ranked around 22nd in the world. Accordingly, it will establish itself as the only large-scale domestic trade exhibition center competing on equal footing with major countries worldwide, including attracting world-class exhibitions. The delay in building the KINTEX 3rd exhibition hall is a loss not only to Gyeonggi Province but also to the nation," urging the Ministry of Economy and Finance to play an active role.

He further stated, "Gyeonggi Province earnestly requests the early announcement of the preliminary feasibility study results and the inclusion of national funds for the design costs necessary for the construction of the 3rd exhibition hall. I am confident that the active role of the Ministry of Economy and Finance will greatly contribute to the development of Gyeonggi Province and the Republic of Korea," he added.

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