Assemblyman Shin Jeong-hoon Plays Key Role in Building a Strong Foundation for Future Industries in Gwangju and Jeonnam

Securing Three Core Budgets Including Research Operation Expenses for 'Energy Korea University'

Secured 4 Billion KRW from 7 Special Grants from the Ministry of the Interior and Safety for Naju and Hwasun in the Second Half of the Year

On the 10th, National Assembly member Shin Jeong-hoon held a press conference at the Naju City Council, explaining his achievements so far.

[Asia Economy Honam Reporting Headquarters reporters Yoon Jamin and Kim Yukbong] Congressman Shin Jeong-hoon achieved a historic milestone by securing 8 trillion won in national funding for Jeonnam and 3 trillion won for Gwangju, while simultaneously establishing a solid foundation for future industries in Jeonnam and Gwangju such as energy, vaccines, cardiovascular, and carbon sectors.

On this day, Congressman Shin held a press conference at Naju City Council and announced that numerous national funds for key projects in Naju City and Hwasun County were increased in the ‘2022 Budget’ passed by the National Assembly plenary session on the 3rd.

This is regarded as a strong stepping stone for the leap towards ‘Naju, the Mecca of New Energy Industries’ and ‘Hwasun, the Hub of Bio-Medical’.

To ensure that the Korea Energy Engineering University, scheduled to open next year, can quickly establish itself, he secured three core budgets for the Energy University: 27 billion won for research and operation expenses (endowment project funds), 1.5 billion won for ultra-high-power laser technology development and infrastructure construction service (total project cost 900 billion won), and 4 billion won for the nuclear fusion leading technology development project ‘Superconducting Conductor Test Facility Construction’ (total project cost 48.5 billion won).

Furthermore, he led the passage of the amendment to the ‘Corporate Tax Act’ designating the Energy University as a ‘statutory donation organization,’ granting tax deduction benefits for donations to the Energy University.

He also demonstrated tenacity in negotiations until the final stages of budget approval to secure 50 million won in service fees for the construction of the tentatively named ‘Creative Convergence Complex Exhibition Hall’ (total 500 million won for 10 innovation cities) to improve residential conditions in the innovation cities.

He played a significant role in efforts to improve the quality of life in innovation cities by addressing odor-emitting facilities.

Additionally, Congressman Shin explained, “We blocked the opposition party’s reckless claims to cut the Rural Regeneration New Deal Project (Rural Spatial Planning) and preserved the government’s original 32.2 billion won, making the possibility of selecting projects in the Naju and Hwasun areas for the early next year’s public contest more visible.”

He continued, “The Naju and Hwasun budgets increased by a total of 13 projects, including 10 new projects and 3 increased projects, achieving a result 52.5 billion won higher than the original government budget proposal,” emphasizing, “The total budget scale for the entire Jeonnam region also reached 8.3914 trillion won, marking a historic breakthrough surpassing 8 trillion won in national funding for the first time.”

He also stated, “We secured a large number of research infrastructure facility budgets related to future strategic industries that will undoubtedly determine future jobs and food sources in Gwangju and Jeonnam, including the Gwangju High Magnetic Field Research Institute (estimated total project cost 1 trillion won), the establishment of the National Cardiovascular and Cerebrovascular Center (total project cost 150 billion won), and the construction of the Carbon Capture Utilization (CCU) Demonstration Support Center (total project cost 28 billion won).”

Moreover, Congressman Shin secured a total of 4 billion won in seven special grants from the Ministry of the Interior and Safety for Naju and Hwasun in the second half of this year. In 2021 alone, he achieved the remarkable feat of receiving a total of 12.2 billion won across 18 cases, including special grants and special education grants.

Specifically, in the second half of 2021, seven projects were selected for the Ministry of the Interior and Safety’s special grants, including three in Naju and four in Hwasun.

These include local urgent projects such as the ‘Naju Bannam Route 201 Expansion Construction (700 million won),’ which had caused inconvenience to residents due to the lack of pedestrian roads, the replacement of artificial turf on the soccer field (700 million won), and the Naju CCTV replacement project (700 million won), which is expected to expedite disaster safety projects.

Also, the ‘Wanggok Yangsan Elementary School Multipurpose Auditorium and Cafeteria Expansion (1.187 billion won),’ celebrating its 100th anniversary, was selected for the second half of 2021’s special education grants.

Congressman Shin said, “All of this is thanks to the efforts of public officials and residents working together,” adding, “With the Energy University’s ship now launched, we will use it as a primer to build the Energy Valley and unite efforts for linked development with the innovation cities.”

Honam Reporting Headquarters reporter Yoon Jamin yjm3070@asiae.co.kr

Honam Reporting Headquarters reporter Kim Yukbong bong2910@asiae.co.kr

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