Expansion of Local Autonomy and Promotion of New Technology Startups Tailored to Regional Characteristics Possible

Changwon City Hall, Gyeongnam.

Changwon City Hall, Gyeongnam.

View original image

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] Changwon Special City in Gyeongnam announced on the 18th that the partial amendment to the "Special Measures for the Promotion of Venture Businesses Act," which mandates that the Minister of SMEs and Startups directly consult with the Special City Mayor when designating a New Technology Startup Cluster Area, has been promulgated.


By securing the authority to consult on the designation of New Technology Startup Cluster Areas, one of the special tasks under the second phase of local government transfer, when universities or research institutes within the Special City designate such areas, the Special City Mayor can directly consult with the Minister of SMEs and Startups without going through the metropolitan local government. This special authority enables the expansion of local autonomy and the promotion and nurturing of new technology startups tailored to regional characteristics.



Hong Nam-pyo, Mayor of Changwon Special City, stated, “We will continue to pursue the acquisition of special authorities centered on the Ministry of the Interior and Safety and the Special City Mayors' Council to lead regional development as a regional hub city and achieve national balanced development.” He added, “We will prioritize improving citizens' quality of life by securing various special authorities.”


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing