Hwasun-gun Secures 87.2 Billion Won in National Funding for 58 Projects Next Year

[Hwasun=Asia Economy Honam Reporting Headquarters Reporter Kim Young-gyun] Hwasun-gun, Jeollanam-do (Governor Gu Chung-gon) has secured a large amount of national funding next year in the biopharmaceutical and vaccine industry sectors, including the National Vaccine Safety Technology Support Center and the establishment of the National Immunotherapy Innovation Platform, giving momentum to the cultivation of future regional growth industries.

On the 14th, the county announced that it had secured 87.2 billion KRW in national funds for 58 projects, including biopharmaceutical and vaccine industry sectors, regional food industry development, rural area development, and disaster risk area maintenance.

Also, over the past five years, this amount increased by 15.4 billion KRW (a 21.4% increase) compared to last year's 71.8 billion KRW, reflecting a large number of local pending projects, thereby laying the foundation for fostering future growth engine industries and promoting regional balanced development.

The major projects include ▲Establishment of the National Immunotherapy Platform (total project cost 46 billion KRW) ▲Establishment of the National Vaccine Safety Technology Support Center (28.3 billion KRW, formerly the National Vaccine Commercialization Technology Support Center) ▲Establishment of a Global Vaccine Industrialization Base (83.6 billion KRW), which are representative future growth engine industries.

The National Vaccine Safety Technology Support Center also received an additional 800 million KRW through the National Assembly’s budget review committee.

New projects include ▲Research and development of precision medicine-based customized diagnostic and therapeutic products (total project cost 15 billion KRW) ▲Construction of a Biohealth Convergence Knowledge Industry Center (32 billion KRW) with allocated budgets for project promotion.

In addition, 25 new projects were reflected, including ▲‘Hwasun-eup Rural Hub Revitalization Project’ (18 billion KRW) linked with the Life SOC Complex (Hwasun Generational Solidarity Complex Center) project ▲Rural New Vitality Plus Project (7 billion KRW) to create a shared economy platform for local food activation ▲Slope maintenance project for the collapse risk in Jangchi District (4 billion KRW).

The county also secured 6.5 billion KRW in special grants for nine projects, including flood damage recovery costs, which were reflected in the 4th supplementary budget.

Due to unprecedented heavy rains this year, the county had to spend over 10 billion KRW of its own funds for disaster recovery, but the acquisition of this special grant has eased the county’s financial burden.

The scale of national funding secured by the county for next year is the largest in the past five years since 2017 (approximately 47.9 billion KRW), and since 2018, it has secured national funds in the range of 70 to 80 billion KRW.

A county official said, “Efforts such as developing new policies, building personal networks in the central political circles, and actively securing national funds seem to have resulted in securing national funds for local pending projects,” adding, “Next year, we will do our best to secure national funds necessary for regionally specialized policies and pending projects in preparation for the post-COVID-19 era.”

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