Gimhae City Focuses on Economic Recovery and Gaya Kingdom Status in 2021

COVID-19 Direct Hit on Small Business Owners and Local Economy Revitalization
Enhancing the Prestige of Cultural Cities and Accelerating Successful Preparation for the National Sports Festival

Site of the Main Stadium for the 105th 2024 National Sports Festival in Gimhae City. (Photo by Gimhae City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 15th, Gimhae City in Gyeongnam announced that in 2021, the 40th anniversary of its elevation to city status, it will focus its efforts on the speedy promotion of the Gimhae-type New Deal for the next 100 years, economic recovery, and enhancing the status of the Gaya royal capital.

The city plans to create 31,250 jobs through 159 projects in 13 sectors next year, aiming to achieve 88.3% of the goal of creating 100,000 jobs during the 7th local government term.

Since Mayor Heo Seong-gon's inauguration, efforts have been made to create a better corporate investment environment to generate quality jobs and to promote job and support projects for middle-aged and young people opening their second chapter of life.

Additionally, the issuance scale of the Gimhae Love Gift Certificates will be increased by 40 billion KRW this year, and support funds for small business owners will be increased by 5 billion KRW, providing multifaceted support to revitalize the neighborhood economy.

Furthermore, 2021 will be designated as the inaugural year to enhance the dignity of Gimhae as a cultural city, establishing the identity of Gimhae as the center of Gaya culture and the Gaya royal capital.

To this end, projects such as the second phase of the Gaya historical and cultural environment maintenance project (140 billion KRW), expansion and maintenance of the Bonghwang-dong site (200 billion KRW), construction of the National Gaya History and Culture Center (29.6 billion KRW), UNESCO World Heritage registration of the Gaya tumulus group, and application for national historic site designation for the Gusan-dong dolmen maintenance (1.7 billion KRW) will be carried out.

As the host city of the 105th National Sports Festival, the city will invest 75.5 billion KRW to establish five public sports facilities by 2024, operate public sports clubs, and steadily proceed with the construction of the main stadium and renovation of existing stadiums to promote daily sports activities.

Mayor Heo stated, "To recover the local economy after COVID-19, we will prioritize revitalizing the regional economy and concentrate all our efforts," adding, "We will also do our best to enhance the dignity of Gimhae as a cultural city imbued with the fragrance of Gaya culture."

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