Busan City and Gyeongnam Province Hold 'Budget Policy Council' with the People Power Party Central Committee

Discussion on Resolving Current Issues and Securing Next Year's National Budget at City Hall on the 6th at 2:30 PM

Discussion on Major National Budget Projects for Next Year Including the 2030 Busan World Expo Bid

Request for 'Full Support a

On the 6th at 2:30 PM, Busan City will hold a budget policy consultation meeting with the People Power Party’s central party at the first-floor conference room of Busan City Hall, together with Gyeongnam Province, to discuss the resolution of city administration issues such as attracting the 2030 Busan World Expo and the prompt construction of Gadeokdo New Airport, as well as securing next year’s national budget.

Busan City Hall.

This meeting is part of the People Power Party central party’s regional tour, and Busan City and Gyeongnam Province will jointly conduct the meeting.

Key central party officials including Yoon Jae-ok, floor leader of the People Power Party, Park Dae-chul, chairman of the Policy Committee, and Song Eon-seok, secretary of the Special Budget and Accounts Committee, along with local lawmakers such as Jeon Bong-min, acting chairman of the Busan City Party, and Jeong Jeom-sik, chairman of the Gyeongnam Provincial Party, will attend, which is expected to give momentum to securing Busan’s national budget for next year and resolving regional issues.

This budget policy consultation meeting follows the joint meeting with party leader Kim Ki-hyun held in Busan on March 31, and is expected to be a meaningful occasion for in-depth discussions on regional issues and next year’s national budget projects with the People Power Party floor leadership, as Busan and Gyeongnam, key growth engines for Korea’s future development, collaborate.

The major pending projects of Busan City and key national budget projects for next year are as follows.

Busan City’s major pending projects include ▲attracting the 2030 Busan World Expo ▲prompt construction of Gadeokdo New Airport ▲rapid promotion of the Busan Port North Port Phase 2 redevelopment ▲relocation of the Korea Development Bank headquarters to Busan ▲establishment of a safe drinking water supply system in the Nakdong River basin ▲enactment and revision of laws related to the urban convergence special zone and opportunity development special zone ▲safe and sustainable operation of urban rail (support for losses from legally free rides on urban rail, support for replacement of aging urban rail electric cars in Busan), discussing active cooperation and support measures from the ruling People Power Party to resolve these core regional issues.

Additionally, key national budget projects to be secured for next year include ▲creation and activation of a green data center cluster ▲development and demonstration of new research reactors for export ▲support for fostering Glocal University 30 ▲equipment sharing and residency support for marine and fisheries startup companies ▲establishment of a smart aquaculture big data center ▲foundation for technology support for export-led future car industry innovation growth ▲development of biomass-based vegan materials and establishment of a demonstration cluster ▲phase 2 wastewater treatment facility at Myeongrye General Industrial Complex ▲construction of a water intake tower to prevent algae inflow in the Nakdong River ▲construction of the urban rail line from Hadan to Noksan ▲construction of the Busan?Yangsan?Ulsan metropolitan railway, among 25 major projects, discussing support measures.

Mayor Park Hyung-jun stated, “I ask for the active support and attention of the People Power Party leadership to resolve Busan’s regional issues and secure the maximum national budget for next year,” emphasizing, “To enhance Korea’s national competitiveness and achieve sustainable development, a comprehensive shift in the national balanced development system (paradigm) is necessary, and I ask for full support from the central political circles so that Busan can lead Korea’s greater leap forward and open a new era of local governance.”

The city plans to hold a budget policy consultation meeting with the Busan City Party of the Democratic Party of Korea on July 14. Since taking office, Mayor Park has consistently emphasized cooperative governance and stated that he will actively communicate with both ruling and opposition local political circles to unite efforts for Busan’s development.

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