Ministry of Land, Infrastructure and Transport Launches 3rd International Competition for ‘K-City Network’

[Asia Economy Reporter Tae-min Ryu] The Ministry of Land, Infrastructure and Transport announced that the 3rd international public contest for the ‘K-City Network’ project will begin on the 29th.

This year’s international contest is divided into smart city planning and overseas demonstration projects for smart solutions. Approximately 10 cities will be selected, with a total support of 4.2 billion KRW. The smart city planning project supports the establishment and operation of smart solutions to solve urban issues such as transportation, environment, and energy, as well as related planning for smart city development projects, providing 200 million to 1 billion KRW per project to about 7 cities.

The overseas demonstration project for smart solutions offers opportunities for overseas cities to demonstrate excellent smart city technologies, products, and solutions developed by Korean companies, supporting 300 million to 500 million KRW per project for 2 to 3 cities. Applications for the smart city planning project will be accepted until the 29th of next month, and for the overseas demonstration project until May 20th.

Kim Bok-hwan, Director of Urban Policy at the Ministry of Land, Infrastructure and Transport, stated, “K-City Network is an opportunity to share and cooperate our excellent smart city technologies and experiences with developing countries and others,” adding, “We will actively support the realization of Korean-style smart cities in various cities around the world.”

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