"Secure Funding for 'Super Metropolitan Alliance'... Busan-Ulsan-Gyeongnam Super Metropolitan Economic Alliance National Fund Response Team Fully Operational"

Three planning and coordination office chiefs from three cities and provinces gathered at the Greater Busan-Ulsan-Gyeongnam Alliance working-level meeting. From left to right: Ha Jongmok (Gyeongnam Province), Song Kyungjoo (Busan City), Seo Namgyo (Ulsan City), planning and coordination office chiefs.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan City is set to fully activate a national fund response team for the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) super-regional economic alliance project.

The three cities and provinces of Bu-Ul-Gyeong have been holding close consultations since declaring the launch of the "Bu-Ul-Gyeong Super-Regional Economic Alliance" on October 12, aiming to secure the effectiveness and consensus of the "economic alliance."

Busan City announced that it has swiftly formed and is operating a national fund response team, starting with joint efforts to secure national funding for the first phase of the super-regional development plan's flagship projects in 2023.

On the 31st, the chief secretaries of the three cities and provinces discussed the basic operational direction of the national fund response team in a working-level meeting. The "national fund response team" will be co-led by the deputy mayors and vice governors for economic affairs of the three cities and provinces, with the planning and coordination office chief as the working-level head, and the budget (national fund) departments as the working support team. The team plans to begin full-scale activities from November, including responding to the National Assembly, to secure national funding totaling 208.2 billion KRW for 19 flagship projects in the first phase of the Bu-Ul-Gyeong super-regional development plan.

Park Hyung-joon, Mayor of Busan, stated, "The values and scope of cooperation that the special union aimed for through the Bu-Ul-Gyeong super-regional economic alliance will become broader and deeper. To this end, we will first form and operate the 'national fund response team' to ensure the smooth progress of the first phase flagship projects."

Mayor Park emphasized, "We will cooperate to expand, adjust, and promote core cooperative projects that can drive the mutual development of Bu-Ul-Gyeong so that the 'Bu-Ul-Gyeong Super-Regional Economic Alliance' can achieve more tangible results."

The three cities and provinces of Bu-Ul-Gyeong plan to establish an "economic alliance dedicated task force" within Busan City by the end of this year and officially launch the "Bu-Ul-Gyeong Super-Regional Economic Alliance" early next year. They aim to newly discover joint cooperative projects for mutual development, secure consensus among residents, and obtain full government support.

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