Gangjin-gun Selected as an 'Excellent Institution' for the Korea Local Finance Awards

Saving Budget and Shortening Metropolitan Water Supply by Sharing Water with Neighboring Local Governments

[Gangjin=Asia Economy Honam Reporting Headquarters Reporter Kim Yong-su] Gangjin-gun, Jeollanam-do was selected as an excellent institution at the 15th Korea Local Finance Awards hosted by the Ministry of the Interior and Safety on the 22nd, receiving the Minister of the Interior and Safety Award.

The project of Gangjin-gun, selected as an excellent innovation case, is the "First Model of Regional Win-Win" titled "Sharing Water with Neighboring Local Governments." Gangjin-gun signed a business agreement with Jangheung-gun, which shares the water flow of the Tamjin River, for "linked operation of water facilities for a win-win water service agreement."

Accordingly, about 140 residents in 87 households in Sangbun and Habun villages, Maryang-myeon, Gangjin-gun, will receive safe tap water more than 10 years earlier, and the approximately 800 million KRW budget savings on pipeline installation costs received high praise from all judges.

The Ministry of the Interior and Safety plans to provide incentives to selected institutions using the reduction of local allocation tax resources in the future.

Gang Jin-won, the mayor of Gangjin-gun, emphasized, "This is an exemplary case of proactive administration that considered and researched residents' inconveniences," and said, "We will continue to discover various ways to improve local financial soundness and reduce expenditures and operate the budget efficiently."

Meanwhile, the Ministry of the Interior and Safety has been hosting the Local Finance Awards since 2008, discovering and spreading excellent cases from 243 local governments nationwide.

Gangjin=Asia Economy Honam Reporting Headquarters Reporter Kim Yong-su gabrielw@asiae.co.kr

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