Hampyeong-gun Accelerates Efforts to Secure Funds for 'Population Decline and Regional Extinction' Response

Full Effort in Discovering Customized Projects... Formation of Dedicated Team and Promotion Council

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Hampyeong County has embarked on establishing a strategy to secure the Local Extinction Response Fund supported by the government to overcome population decline and the risk of regional extinction.

According to the county on the 29th, all efforts are being focused on discovering creative projects suited to local conditions to secure the Local Extinction Response Fund.

The Local Extinction Response Fund is supported by the Ministry of the Interior and Safety, providing 1 trillion won annually for 10 years starting this year to 89 local governments designated as population-decreasing areas to revitalize local populations.

To secure the fund, on the 28th, the county formed a dedicated working team led by Vice County Governor Lee Byung-yong as the first phase and established a collaborative system among departments.

Next, as the second phase, the county plans to form a Local Extinction Response Promotion Council encompassing the entire county, including the dedicated working team, related organizations, intermediary support organizations, citizen participation groups, and local experts, to discover Hampyeong-tailored projects.

A county official stated, “Along with the research service for establishing the investment plan for the Local Extinction Response Fund initiated last month, we will operate a phased response system to discover creative and differentiated projects and secure as much funding as possible.”

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