By 2025, 4.9 Trillion Invested in Changwon-style New Deal... Promoting Digital, Green, and Human New Deals

Mayor Heo Seong-mu of Changwon is announcing the Changwon-style New Deal comprehensive plan on the 1st.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] On the 1st, Heo Seong-mu, mayor of Changwon City, announced the Changwon-type New Deal comprehensive plan, with a total project cost of about 4.9 trillion won, in line with the Korean New Deal policy.

Mayor Heo emphasized that by 2025, 4.9339 trillion won of public and private funds will be invested across three sectors: Digital New Deal, Green New Deal, and Human New Deal, to digitalize industry, citizens' lives, and urban spaces, achieve a carbon-neutral transformation, and strengthen the social safety net.

There will be 41 projects under the Digital New Deal, 70 projects under the Green New Deal, and 29 projects under the Human New Deal.

The Digital New Deal aims to expand the digital super-gap by integrating information and communication technology (ICT), 5G, and artificial intelligence (AI) into Changwon City's main industry, manufacturing.

The Green New Deal seeks to accelerate the transition to an eco-friendly economy and leap forward as a carbon-neutral leading city.

The Human New Deal focuses on nurturing future talents and creating new jobs in response to the rapidly changing economic structure.

Mayor Heo selected ten leading projects including the development of a Korean-style smart yard, advancement of AI-based smart factories, creation of a digital innovation town in Masan Marine New City, establishment of a Northeast Asia logistics research and development center and demonstration complex, construction of the Changwon-type data dam ‘Data Rium,’ formation of an energy industry convergence complex, establishment of a wind nacelle testbed, expansion of hydrogen industry clusters and hydrogen mobility, promotion of an eco-friendly mobility pilot city, and creation of Changwon, the forest city’s ‘Central Park.’

A Changwon-type New Deal promotion team will be formed, led by the first deputy mayor, to support the Changwon-type New Deal projects. Securing project funds, including national subsidies, is crucial for the Changwon-type New Deal projects.

Mayor Heo said, “If we create a New Deal special zone that guarantees autonomy through a comprehensive subsidy project method based on the total project cost concept and the application of a regulatory sandbox, the speed of regional expansion will be even faster. It is also necessary to introduce a reverse competitive project method that proposes creative and competitive policies suited to regional conditions to the government so that regional New Deals can be national projects.”

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