President Moon: "Add 'Regional Balance' to K-New Deal"... 75 Trillion Won Invested in Regional Projects

Presiding over the 2nd Korea New Deal Strategy Meeting

President Moon Jae-in is presiding over the 2nd Korean New Deal Strategy Meeting held at the Blue House on the morning of the 13th.

President Moon Jae-in stated on the 13th, "The steps to realize the dream of balanced national development cannot stop for a moment," adding, "In addition to a robust safety net, the Digital New Deal, and the Green New Deal, we intend to add the Regional Balanced New Deal as a core pillar of the Korean New Deal."

At the 2nd Korean New Deal Strategy Meeting held at the Blue House with heads of 17 local governments nationwide, President Moon said, "This reflects the government's strong will to dynamically transform the Republic of Korea starting from the regions."

President Moon emphasized, "The Regional Balanced New Deal will further empower and enhance the quality of the national balanced development policies pursued so far," and "It is also a regional innovation strategy that transforms regions and creates new vitality."

Through the Regional Balanced New Deal, President Moon's vision is to ▲ implement the Korean New Deal at the regional level ▲ create region-led creative development models ▲ and drive high-quality balanced development linked with existing national balanced policies.

President Moon expressed expectations, saying, "Of the total investment scale of 160 trillion won included in the comprehensive Korean New Deal plan, more than half, 75 trillion won, is allocated to regional-level projects," and "This will greatly contribute to revitalizing the regional economy and creating jobs."

He encouraged the creation of region-led development models and proposed, "Cooperation among neighboring local governments to promote the Regional Balanced New Deal as a super-regional zone is also a good way to enhance competitiveness."

President Moon also stated, "We will not hesitate to provide financial support, including actively offering incentives for Regional Balanced New Deal projects," and "We will give special attention and support to creative regional projects, including super-regional zone Regional Balanced New Deals."

President Moon Jae-in is attending the 2nd Korean New Deal Strategy Meeting at the Blue House on the morning of the 13th.

Meanwhile, the Regional Balanced New Deal is broadly divided into Korean New Deal regional projects led by the central government, local government-led New Deal projects, and public institution-led New Deal projects. The funding scale for the central government's Korean New Deal regional projects is 75.3 trillion won, accounting for 47% of the total 160 trillion won invested in the Korean New Deal.

It consists of central government-led projects implemented in regions such as smart cities (national pilot cities) and intelligent disaster management systems, as well as matching projects between the central and local governments like Green Smart Schools and advanced road traffic systems. Separately, 136 local governments and public institutions independently pursue New Deal projects such as offshore wind farms and hydrogen convergence clusters.

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