Haenam-gun Wins Jeonnam Province 'Grand Prize' for Rapid Execution in the First Half of the Year for Two Consecutive Years

Record High Execution Rate of 65.3%, Securing 100 Million KRW for Prize Expenses

Haenam-gun, Jeollanam-do received the grand prize in the first half of 2023 Jeollanam-do Rapid Execution Evaluation, securing 100 million KRW in project funds and 10 million KRW in rewards.

According to the county on the 27th, Haenam-gun has achieved remarkable rapid execution results, winning the Jeonnam grand prize for two consecutive years and ranking first nationwide in the second half of 2022.

Haenam-gun Office Building Exterior View

In the first half of this year, Haenam-gun executed 322.1 billion KRW out of the rapid execution target amount of 493.5 billion KRW, achieving an execution rate of 65.3%, ranking first among 22 cities and counties in Jeonnam.

In particular, in the consumption and investment sectors that directly affect the local economy, Haenam-gun exceeded the first half target amount of 192.3 billion KRW by executing 248.6 billion KRW, achieving an execution rate of 129.3%, resulting in significant revitalization of the local economy.

This achievement by Haenam-gun was made by systematically managing the execution status, including holding regular progress report meetings based on the judgment that a leading role of the public sector is necessary for local economic revitalization, significantly increasing the execution rates by department.

Accordingly, for projects with large economic ripple effects and close ties to residents' lives, the county frequently checked execution prospects and maximized expenditure expansion by advancing payments and progress payments for various goods and construction fees.

Since entering the era of a 1 trillion KRW local budget in 2019, Haenam-gun's local finance operated 1.3217 trillion KRW last year, holding the largest scale among counties nationwide. Despite the increase in budget size, the execution rate has also increased annually, reaching 85.8% last year, ranking first nationwide.

County Governor Myeong Hyeon-gwan stated, “Through systematic financial execution of major projects, the allocated budget will be promptly invested on-site, maintaining a virtuous economic cycle where benefits return to the residents. We will do our best in the second half of the year’s financial execution and actively strive to revitalize the local economy.”

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