162 Projects and 80 Trillion Won Investment Linked to Clean Jeonnam Blue Economy

Jeonnam Province Establishes Comprehensive Plan for 'Jeonnam-type New Deal,' a New Millennium Future Vision View original image

[Muan=Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jeonnam Province has established a comprehensive plan for the ‘Jeonnam-type New Deal’ linked to the clean Jeonnam Blue Economy, the new millennium future vision of Jeonnam, to lead the Korean New Deal and regional balanced New Deal.


According to Jeonnam Province on the 27th, this comprehensive plan presents the vision of ‘Realizing the 2030 Jeonnam Happiness Era through the Jeonnam-type New Deal’ and sets three major goals: ‘digital innovation across industries,’ ‘transition to a low-carbon society (2050 carbon neutrality),’ and ‘job creation through nurturing innovative talents and regional balanced development based on super-regional cooperation.’


To achieve these goals, 162 promotion tasks worth 80.2841 trillion won were selected in three major areas: digital New Deal, green New Deal, and human·space New Deal.


In the ‘digital New Deal sector,’ efforts will be made to accelerate the transition to a digital economy, including digitalization of core SOC infrastructure, fostering new growth industries based on digital platforms, smartification of agriculture, livestock, and fisheries using ICT, promotion of non-face-to-face industries, and strengthening the D.N.A ecosystem.


In this regard, 74 projects worth 4.2297 trillion won are underway, including the construction of a smart port at Gwangyang Port, establishment of an advanced unmanned automated agricultural production pilot complex, creation of a smart aquaculture cluster, and development of core technologies for eVTOL autonomous flight.


The ‘green New Deal sector’ has set promotion strategies such as energy self-sufficiency based on renewable energy, restoration of the green ecosystem, fostering eco-friendly green industries, and realizing a green society with residents. It plans to lead ‘2050 carbon neutrality’ by promoting 65 projects worth 55.895 trillion won, including a large-scale 8.2GW offshore wind power complex, profit-sharing type farming solar power complexes, RE100 dedicated pilot industrial complexes, and attracting COP28.


The ‘human·space New Deal sector’ pursues promotion strategies such as strengthening job-based safety nets, nurturing smart innovative talents, and super-regional cooperation for balanced regional development. A total of 23 projects worth 20.1594 trillion won will be promoted, including the Blue Job youth employment project, establishment of Korea Energy University, creation of a well-aging human healthcare valley, and attraction of a super-strong laser center.


In particular, among the 162 projects, 48 projects (62.4081 trillion won) are linked to the Blue Economy, which aligns with the direction of the Korean New Deal, and are expected to lead Jeonnam’s future development and Korea’s great transformation in the post-COVID-19 era together.


In addition, in line with the government’s announcement of the Korean New Deal and regional balanced New Deal comprehensive plans, the province has formed a regional balanced New Deal promotion team and a private advisory group led by the Deputy Governor for Political Affairs, and is working on discovering field-centered tasks that residents can feel.


Since 58 projects worth 577.6 billion won were reflected in next year’s government budget, the main tasks of the Jeonnam-type New Deal comprehensive plan will be included in the 2022 government budget proposal, and thorough preparations will be made to ensure effectiveness by being selected in many ministry-led public contests.



Jeonnam Governor Kim Young-rok said, “We will secure driving force by reflecting key projects in the national plan and continuously discover super-regional cooperation projects that will enhance Jeonnam’s competitiveness and cooperative projects with public institutions in the region,” adding, “Through strong linkage between the Korean New Deal and the Blue Economy, we will lead Korea’s great transformation and realize the ‘2030 Jeonnam Happiness Era.’”


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing