Chungnam, Petition Campaign for Establishing a Chungcheong Regional Bank

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province is starting a signature campaign to establish a regional bank in the Chungcheong area.

The province announced on the 25th that it will conduct the "One Million Chungcheong Residents Signature Campaign" until November 30.

Previously, the province proactively formed and operated a Pan-Provincial Promotion Team to raise public awareness for the establishment of a regional bank in the Chungcheong area.

Since last month, the Promotion Team has been conducting an offline signature campaign in cooperation with 266 local organizations and 15 cities and counties.

In addition, starting from the 25th, the province will run an online signature campaign for the establishment of the Chungcheong regional bank through the official "One Million Chungcheong Residents Signature Campaign" website.

Currently, there are no regional banks in the Chungcheong area, which the province identifies as causing issues such as the outflow of local funds and the concentration of finance in the Seoul metropolitan area.

The rationale behind the signature campaign promoted by the province is to establish a regional bank to resolve these problems.

Previously, after the 1997 International Monetary Fund (IMF) financial crisis, the Chungcheong regional banks disappeared with the closures of Chungcheong Bank in 1998 and Chungbuk Bank in 1999.

Song Mu-kyung, head of the Economic and Small Business Division of the province, said, "We will successfully establish a regional bank that will serve as a pillar of the local economy, revitalize the regional economy, and resolve financial polarization," adding, "We ask for much interest and participation in the signature campaign for the establishment of the Chungcheong regional bank."

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