Han Myung-jin Preliminary Candidate "Amend the National Contract Act to Expand the Mandatory Local Contract System for SOC Projects"

Support for Local Companies Lacking Responsiveness in Construction Market Adjustment Phase

Attract Regional SOC Projects to Create Jobs and Revitalize Local Economy

Announcing the Win-Win Project to Overcome Regional Extinction: 'The Miracle

Han Myung-jin, a preliminary candidate of the Democratic Party of Korea (former Policy Planning Officer at the Ministry of Strategy and Finance), is visiting the local 5-day market and listening to the stories of the merchants.

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Han Myungjin, a preliminary candidate of the Democratic Party of Korea for Goheung, Boseong, Jangheung, and Gangjin, announced on the 18th a regional revitalization pledge titled the regional extinction overcoming win-win project, "The Miracle of a 10 Trillion Won Budget, People Are Coming Back Again!" He proposed the "mandatory expansion of local subcontracting for regional SOC projects" to create a vibrant local economy where people return and money circulates.

Preliminary candidate Han Myungjin stated, "The crisis of regional extinction is mainly caused by the lack of jobs, leading to the migration of local residents, especially the younger generation, to cities. Even though a large budget is invested in regional SOC projects, most of the benefits go to external companies, including large corporations, so the actual impact on local businesses and the economy is not significant." He emphasized, "Only when the budget for regional SOC projects permeates as much as possible within the region can local businesses grow, create jobs, and the local economy circulate money, leading to people returning and the region revitalizing to overcome the extinction crisis."

He continued, "By revising the National Contract Act, we will gradually expand the subcontracting ratio for local companies in regional SOC projects such as roads, ports, railways, industrial complexes, health and environmental facilities, and tourism infrastructure construction, from the perspective of regional co-growth and economic revitalization."

He also added, "We will support local companies that lack responsiveness in the construction market adjustment phase and ensure that local companies and the local economy are not excluded from the benefits of regional SOC projects. We will attract more SOC projects to the region to contribute to job creation and regional economic revitalization."

Preliminary candidate Han Myungjin has spent 25 years of his 30-year public service career in government economic departments such as the Planning and Budget Office and the Ministry of Strategy and Finance, specializing in government budgets. He is a figure who created special policy budgets in rural and welfare sectors, including the special rural tax, rice (paddy agriculture) direct payment system, crop (agriculture and fisheries) disaster insurance, basic livelihood security recipients, basic old-age (basic) pension, and elderly long-term care insurance.

Recently, preliminary candidate Han Myungjin announced that as a member of the National Assembly who makes budgets, he will secure a government budget of 10 trillion won to bring about definite changes in regional development. Local political circles have conveyed that considering his background, this is not merely an unrealistic pledge.

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