President Moon: "Joint Meeting with Provincial Governors for the Success of the Korean New Deal" (Comprehensive)

"South Korea New Deal Closely Linked with Government's National Balanced Development Policy"..."Local Governments Play a Very Important Role"

[Asia Economy Reporter Ryu Jeong-min] On the 21st, President Moon Jae-in stated at the Cabinet meeting, "The government will strengthen communication with local governments for the success of the Korean New Deal and establish a strong cooperation system between the central and local governments," adding, "We will hold a Korean New Deal joint meeting with the President and the heads of cities and provinces."

President Moon said, "We will do our best to make the Korean New Deal a new turning point that brings new vitality to regions and accelerates the pace of balanced national development."

President Moon emphasized, "At the center of the continuous evolution of the Korean New Deal is the region. The government intends to promote a region-led New Deal," and added, "We have already experienced that various regional attempts in quarantine and economic crisis response have created models. If creative ideas suited to regional characteristics come to life as regional New Deals, the Korean New Deal can evolve to a higher level and develop more broadly."

[Image source=Yonhap News]

President Moon stated, "The role of local governments is very important. Local governments are the main actors implementing the Korean New Deal in their regions and creating creative regional New Deals," and pledged, "The government will actively support regional New Deal projects with high business performance and job creation capabilities."

Furthermore, President Moon asserted, "The Korean New Deal will closely combine with the national balanced development policies pursued by our government, accelerating regional development speed and enhancing the completeness of balanced development," and added, "Innovation cities will regain strength as hubs of the balanced development New Deal."

President Moon said, "Public institutions, companies, and universities must cooperate to lead regional talent development and regional innovation, realizing digital and low-carbon economies starting from the regions," and stated, "The 21 regulatory free zones, already designated in all 14 non-capital region cities and provinces, can take the lead in the Korean New Deal as region-specialized future industries."

President Moon emphasized, "The national balanced development project worth a total of 25 trillion won, which is being promoted rapidly through exemption from preliminary feasibility studies, will also be elevated in quality as an SOC project combining digital and green elements."

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