Mokpo Maritime University Secures 51 Billion Won for New Project to Train Outstanding Maritime Personnel

Mokpo National Maritime University campus / Photo by Asia Economy

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Mokpo National Maritime University (President Park Seong-hyun) announced on the 11th that as a result of efforts to secure government funding, a total budget of approximately 51 billion KRW has been confirmed, including about 25.7 billion KRW for three new projects and about 25.3 billion KRW for continuing projects (facility expansion, basic expenses, laboratory and practical training equipment).

The newly promoted projects include an open campus sports facility installation project that can coexist with the local community (about 15 billion KRW), a gravity-type breakwater installation project for a small vessel mooring yard for excellent maritime personnel training and local residents (about 8 billion KRW), and a water retention basin maintenance project for the newly expanded site around the Maritime Science Hall lecture building, scheduled for completion in December (about 2.8 billion KRW), confirming a budget of approximately 25.7 billion KRW.

Continuing projects to strengthen university educational competitiveness include an international exchange center and 70th anniversary hall facility expansion project (about 21.5 billion KRW), which increased by about 3.1 billion KRW compared to last year, basic expenses for national universities (about 2.6 billion KRW), and laboratory and practical training equipment expansion projects such as electronic control engines, 3D scanning, and deviation analysis systems (about 1.2 billion KRW), confirming a budget of approximately 25.3 billion KRW.

Additionally, as a result of last year's government financial support project annual evaluation, the university secured a budget of about 4.42 billion KRW as total project cost for 2020. Among 15 universities in Jeonnam and Gwangju selected for the local innovation project based on local government-university cooperation, the university will be assigned part of the total budget of about 68.3 billion KRW by performing tasks as the lead university in the energy new industry field and as a participating and lead university in the future transportation equipment field.

President Park Seong-hyun said, “We will strengthen the cooperation system with the local community to secure a budget of about 100 billion KRW for an eco-friendly LNG-powered new training ship in the future, and actively propose the necessity of the project to related central government departments and the National Assembly to ensure it is reflected in the national budget.”

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