Democratic Party Daegu Branch Announces '20 Trillion Won TK New Deal Pledge'

The Democratic Party of Korea Daegu City Election Countermeasures Committee announced the main pledges for the 21st general election on the 30th, with Kim Boo-kyum, the election committee chairman, and candidates running in the Daegu area in attendance. (Photo by Democratic Party of Korea Daegu City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Young-wook] Democratic Party candidates in the Daegu region have pledged to secure 20 trillion won in national funds to revive the Daegu-Gyeongbuk economy, which was devastated by the COVID-19 pandemic.

On the 30th, 12 candidates belonging to the Democratic Party Daegu City Party, including lawmakers Kim Boo-kyum and Hong Eui-rak, announced at the election countermeasures committee launch ceremony and pledge presentation held at the party office, "We will restore the economic foundation of Daegu-Gyeongbuk, which collapsed due to COVID-19."

Of the 20 trillion won, 3.5 trillion won will be allocated to support the livelihood economy, 7 trillion won will be invested in damaged businesses such as self-employed, small business owners, and small and medium enterprises facing bankruptcy due to the COVID-19 crisis. Additionally, 6 trillion won will be used for job creation and economic foundation recovery through SOC investment, and 3.5 trillion won will be used to foster strategic industries such as ICT, robotics, medical, and bio sectors.

The candidates also presented seven major pledges at the Democratic Party Daegu City Party level. First, to establish a special youth city, they plan to create a youth cultural district from the old Gyeongbuk Provincial Office site in Buk-gu, Daegu, to the area around Kyungpook National University.

They also promised to build a public medical center and expand nationally designated negative pressure wards to establish a health care system in Daegu, which experienced an infectious disease crisis.

They set goals to resolve long-standing local issues such as the Daegu Industrial Complex, undergrounding the urban section of the Gyeongbu Line, the robotics industry, and relocating water intake sources.

In particular, the pledges include expanding the railway network with the construction of the Daegu Metro Line 3 EXCO Line and Innovation City extension, extension of Daegu Metro Line 1 to Jinryang in Gyeongsan, extension of Daegu Metro Line 2 to Seongju, and construction of the urban circular line of Daegu Metro Line 4 using a tram system.

Specific plans to implement the seven major pledges will be announced later by each candidate.

Kim Boo-kyum, chairman of the Democratic Party Daegu-Gyeongbuk election countermeasures committee, said, "After overcoming COVID-19 to some extent, we cannot help but worry about the economic wrinkles of Daegu-Gyeongbuk," adding, "We promise these pledges to bring 20 trillion won to TK after quarantine and use it as an opportunity to revive the regional economy."

He continued, "A political environment must be created in Daegu-Gyeongbuk for the realization of the 20 trillion won New Deal," and asked, "Please allow the candidates to play the role of such messengers."

Kim also criticized the United Future Party, saying, "The United Future Party complains whenever elections approach, but when it comes to nominations, they just uproot one stone and plant it elsewhere," and added, "I hope they do not use the classical tactic of begging for survival after that."

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