Kwangjae Lee "Constitutional Amendment Needed for Balanced Development... Control Seoul Capital Area Housing Prices and Solve Preliminary Feasibility Study Issues"

Lee Kwang-jae, Member of the Democratic Party of Korea./Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Park Cheol-eung] Lee Kwang-jae, a member of the Democratic Party of Korea, advocated for a constitutional amendment to achieve balanced development.

On the 6th, Lee stated during a special invited lecture at the 'Busan 21st Century Future Forum' that "There is no future for South Korea under the single-polar Seoul metropolitan area system. The constitution must be amended to further solidify the state's obligation for balanced development."

The forum consists of CEOs, legal professionals, medical practitioners, and journalists in their 30s to 50s from the Busan region. The lecture topic was "Asking about Busan's Future: Balanced Development is the Nation's Future."

Lee said, "French President Macron recognized the climate change crisis and amended the constitution by including the phrase 'fight against climate change' in Article 1 of the constitution. Similarly, we need a constitution that strengthens the obligations of local decentralization and balanced development as the nation's top priority. This would also make it easier to resolve issues such as preliminary feasibility studies when establishing national budgets for local development."

He continued, "If balanced development is not achieved amid the severe concentration in the Seoul metropolitan area, the housing price problem in the metropolitan area can never be solved. Balanced development must be the core of the nation's future vision, and ultimately, if the regions do not thrive, the Seoul metropolitan area will perish together."

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