Yeosu City Allocates 1.5567 Trillion Won Budget for Next Year

Increased by 185.4 Billion KRW Compared to This Year's Original Budget... 'Namhaean Hub City Mihang Yeosu' Officially Launches

Core Projects Including Creating Residential Conditions for Citizens, Revitalizing Marine Tourism, and Yeosu-style Welfare 추진

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon] Jeollanam-do Yeosu City (Mayor Jeong Gi-myeong) announced on the 21st that it has prepared a budget of 1.5567 trillion KRW for next year and submitted it to the Yeosu City Council.

This amount is 185.4 billion KRW more than last year's original budget, consisting of 1.3982 trillion KRW in the general account and 158.4 billion KRW in the special account.

According to the city, this budget focuses on key projects of the 8th elected administration, including ▲laying the foundation for the successful hosting of international events such as the 2026 Yeosu World Islands Expo ▲creating citizen-centered customized living conditions ▲developing sustainable marine tourism content ▲and proactively responding to climate change by realizing carbon neutrality by 2050.

Major budgets for establishing the foundation for international events include ▲1.2 billion KRW for the main venue foundation of the 2026 Yeosu World Islands Expo ▲550 million KRW for hosting the 17th World Congress of the Most Beautiful Bays in the World ▲230 million KRW for the Yeosu International Art Festival.

For citizen-centered customized living condition projects, the budget includes ▲61 billion KRW for expanding road and traffic infrastructure ▲22 billion KRW for park creation projects ▲9 billion KRW for the Jeolla Line Old Railway Park creation project ▲4.7 billion KRW for public parking lots and small-scale parking lot construction ▲3.5 billion KRW for the construction of Ungcheon National Sports Center ▲150 million KRW for 4060 Restart Startup Education.

Additionally, for developing sustainable marine tourism content, the budget includes ▲800 million KRW for the Geumo-do Bireong-gil revitalization project ▲600 million KRW for the Hwajeong-myeon Gaedo themed tourism resource development project ▲970 million KRW for the maintenance of the "Islands You Want to Visit" (Yeondo).

Furthermore, to proactively respond to climate change, the budget includes ▲2 billion KRW for creating fine dust blocking forests ▲4.18 billion KRW for the CCU Demonstration Support Center construction project ▲220 million KRW for managing air pollution monitoring networks ▲2.4 billion KRW for early retirement support of old diesel vehicles ▲7.5 billion KRW for the supply of hydrogen electric passenger cars ▲4.4 billion KRW for the supply of electric passenger cars.

Meanwhile, the budget proposal submitted by Yeosu City for next year is scheduled to be finalized on December 12 after review by the city council's standing committees and the special budget and settlement committee starting from the 29th of this month.

A city official said, "Next year's budget will be a signal marking the full-scale start of 'Namhaean Hub City, Mi-hang Yeosu,' focusing on balanced regional development, Yeosu-style universal welfare, building a premium marine tourism city, and customized support for new growth industries. Since the budget was prepared focusing on major issues and key projects, it is expected to give momentum to next year's city administration."

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon hss79@asiae.co.kr

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