Government: "Sejong Smart City Pilot Project to be Detailed Within the Year... Early Discovery of Content Needed"

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The government announced that it will concretize the Sejong smart city pilot project within this year to establish a Korean-style smart city model.

On the 24th, Koo Yoon-cheol, Vice Minister of Strategy and Finance, held a meeting to foster the national pilot smart city at the Government Complex Sejong and stated, "It is necessary to early discover content that can show visible short-term results focusing on the Sejong smart city."

Vice Minister Koo said, "We will select smart solutions suitable for the national pilot city and concretize the project details within this year to conduct pre-tests using a user-participatory experimental method, and if necessary, reflect it in next year's budget proposal."

He added, "If the Korean-style smart city model is successfully established, it is expected to become a golden goose. The global smart city market is projected to grow at an average annual rate of 18.4%, from approximately 345 trillion won in 2018 to 692 trillion won in 2023."

He emphasized, "Although the national pilot city may seem like 'another city, someone else's business,' the benefits of spreading a successful model funded by public finances will reach all citizens, ultimately being equivalent to 'building my own house with my own money.'"

He continued, "I hope many innovative ideas will be proposed, leading to the successful development of the national pilot city's model and the continuous expansion of smart cities."

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