Jeonnam Province Gains Momentum in Creating 'Future Growth Engines'

Major Projects Including 'Blue Economy' Heavily Reflected in 2022 Government Budget

[Muan=Asia Economy Honam Reporting Headquarters, Reporter Yoon Jamin] Jeonnam Province has gained momentum in creating future regional growth engines.

The province announced on the 8th that its key initiatives, the ‘Clean Jeonnam Blue Economy’ and the ‘Jeonnam-type New Deal,’ have been significantly reflected in the 2022 government budget for the second consecutive year.

The Blue Economy increased by 81 projects and 748.4 billion KRW compared to this year, totaling 202 projects and 2.4382 trillion KRW, while the Jeonnam-type New Deal increased by 38 projects and 72.6 billion KRW, totaling 106 projects and 428.6 billion KRW. The total secured budget amounts to an impressive 308 projects and 2.8668 trillion KRW.

This achievement is the result of all provincial government officials working together with local political circles to protect the government budget proposal and actively explaining the importance of the Blue Economy and Jeonnam-type New Deal for the success of the Korean New Deal to central government departments during the National Assembly review process to secure additional budgets.

The sector-specific secured amounts for the new millennium vision ‘Clean Jeonnam Blue Economy,’ which combines Jeonnam’s clean resources with 4th Industrial Revolution technologies, include 49 projects totaling 187.8 billion KRW for ‘Blue Energy,’ such as 22.3 billion KRW for the renewable energy convergence support project and 1.5 billion KRW for the offshore wind power convergence industrial platform construction project.

‘Blue Tour’ secured 52 projects totaling 1.5965 trillion KRW, including 42.9 billion KRW for the national road No. 77 connecting Sinan Amhae to Haenam Hwawon and 5.6 billion KRW for the marine leisure tourism hub development. ‘Blue Bio’ secured 22 projects totaling 83.7 billion KRW, including 10.3 billion KRW for the national immune therapy innovation platform construction project and 9.6 billion KRW for the national vaccine safety technology support center construction project.

Additionally, ‘Blue Transport’ secured 30 projects totaling 183.7 billion KRW, including 4.9 billion KRW for the development and demonstration of core technologies for personal mobility platforms and 2.0 billion KRW for the future flying car core parts development infrastructure project, accelerating progress in these initiatives.

Alongside this, ‘Blue Agriculture and Fisheries’ secured 47 projects totaling 308.2 billion KRW, including 5.6 billion KRW for the smart aquaculture cluster development project and 3.8 billion KRW for the advanced unmanned automated agricultural production pilot complex project. ‘Blue City’ includes 2 projects totaling 78.3 billion KRW, including 58.9 billion KRW for the urban regeneration New Deal project.

Linked with the Clean Jeonnam Blue Economy, the Jeonnam-type New Deal, which will lead the Korean New Deal, includes sector-specific projects such as the ‘Digital New Deal’ with 35 projects totaling 163.9 billion KRW, including 14.7 billion KRW for smart factory establishment and advancement projects and 33.0 billion KRW for smart water pipe network management infrastructure construction projects.

The ‘Green New Deal’ includes 60 projects totaling 215.8 billion KRW, such as 1.0 billion KRW for the ultra-large wind power demonstration base construction and 2.0 billion KRW for the carbon-neutral transition technology demonstration support center construction project. The ‘Human and Job New Deal’ secured 11 projects totaling 48.9 billion KRW, including 2.0 billion KRW for the Grand ICT Research Center project and 2.0 billion KRW for smart manufacturing advanced workforce training.

Based on this national budget securing achievement, the Blue Economy and Jeonnam-type New Deal are expected to emerge as representative growth models in the post-COVID-19 era.

Myeong Changhwan, Director of Planning and Coordination at Jeonnam Province, said, “By securing a large-scale national budget for two consecutive years, we have seized the opportunity for Jeonnam to lead global mega trends such as the transition to a low-carbon economy and a digital society. We will continue to secure the foundation for creating future growth engines in Jeonnam by producing visible results of the Blue Economy and Jeonnam-type New Deal, which are new growth engines for Jeonnam, and by reflecting key tasks as national agenda items for the next government.”

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