The New Growth Engine and Balanced Development: The Full-Scale Opening of the 'Namhaean Era'

The Launch of the '1st South Coast Win-Win Development Council'... Jeonnam Province, Gyeongnam Province, and Busan City Sign Agreement

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] The "Namhaean Era," which will lead South Korea's new growth engine and balanced development, has officially begun.

According to Jeonnam Province on the 2nd, on the 31st of last month, the inaugural ceremony of the "1st Namhaean Win-Win Development Council" was held at Nurimaru APEC House in Busan Metropolitan City, attended by Kim Young-rok, Governor of Jeonnam Province, Kim Kyung-soo, Governor of Gyeongnam Province, and Byun Sung-wan, Acting Mayor of Busan, representing the three Namhaean region cities and provinces.

The newly launched "Namhaean Win-Win Development Council" was established to open the "New Namhaean Era," which will become a new growth axis for South Korea.

This is a valuable achievement realized after 1 year and 7 months of discussions following the "Namhaean Win-Win Development Agreement" signed in December 2018 by the three Namhaean region cities and provinces?Jeonnam, Busan, and Gyeongnam?in Gwangyang.

At this event, the three Namhaean region cities and provinces discussed seven joint cooperation tasks to drive the mutual growth of the Namhaean region in tourism, culture, transportation, and logistics fields: ▲Establishment of a new Namhaean growth tourism belt ▲Promotion of high-speed rail on the Gyeongjeon Line (Busan~Mokpo) ▲Construction of Namhaean tourist roads ▲Successful hosting of the Namhaean Cup International Yacht Competition ▲Formation of a Namhaean Win-Win Development Port Logistics City Council ▲Formation of a joint council to respond to the climate crisis, including fine dust reduction in the Namhaean region ▲Joint response for national balanced development in the Namhaean region, and held a signing ceremony for the "Namhaean Win-Win Development Agreement" to ensure continuous implementation.

In particular, they added significance by issuing the "Joint Statement of the Namhaean Win-Win Development Council," urging the realization of practical national balanced development in response to the accelerated concentration in the metropolitan area.

Through the joint statement, the three cities and provinces urged the government to stop deregulation of metropolitan return companies, which would solidify the concentration in the metropolitan area, and to promptly promote the "second public institution relocation to local areas," which expands to investment and affiliated institutions and financial institutions considering regional disparities, as well as the "region-led balanced development New Deal projects" and "super-regional cooperation projects" to enhance the competitiveness of non-metropolitan areas.

Kim Young-rok, Governor of Jeonnam Province, said, "The inauguration ceremony of the Namhaean Win-Win Development Council is a historic occasion marking the vigorous first step of the Namhaean era soaring toward the world," adding, "The development of the Namhaean region is a momentum for national balanced development that will reorganize the land structure concentrated in the metropolitan area into a Namhaean regional economic zone leading the Asia-Pacific era. We will turn the joint cooperation tasks discussed today into national projects and make them a new growth engine for South Korea."

He also emphasized, "To lead the development of non-metropolitan areas in response to the metropolitan area, the three cities and provinces must unite their strength and wisdom to utilize the government's recently accelerated second public institution relocation to local areas as a real opportunity for national balanced development."

Meanwhile, Jeonnam Province, together with Busan and Gyeongnam, jointly proposed the establishment of the "Namhaean New Growth Tourism Belt" to the government in August last year, and the government is currently conducting a "Basic Plan for Southern Region Tourism Development" study to promote inland and marine tourism development in the three cities and provinces under national leadership.

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