Sacheon-si, 1st Supplementary Budget of 965 Billion KRW Formulated

Establishment of Aerospace Complex City Construction Foundation

Focus on Regional Economy and Issue Resolution with 33.2 Billion KRW Increase

On the 23rd, Sacheon City in Gyeongnam announced that it has prepared a supplementary budget of 965 billion KRW for the first additional budget to establish the foundation for the construction of an aerospace complex city following the opening of the Space Aviation Agency, revitalize the local economy, and resolve current issues, and submitted it to the Sacheon City Council.

This supplementary budget plan represents an increase of 33.2 billion KRW compared to the original budget for this year, with the general account increased by 31 billion KRW to 905.2 billion KRW and the special account increased by 2.2 billion KRW to 59.8 billion KRW.

Sacheon City Hall panorama.

The city allocated funds for ▲supporting rental fees for group move-in of apartment housing for relocated employees due to the opening of the Space Aviation Agency (9.54 billion KRW) ▲supporting bus operations for the temporary office of the Space Aviation Agency (240 million KRW), among others.

Additionally, it allocated ▲1.1 billion KRW to support the Glocal University project to create a customized industrial ecosystem for aerospace companies ▲1 billion KRW for the Jungchon Port fishing village new vitality promotion project ▲300 million KRW for the exterior landscape improvement project of Sacheon’s 3rd Training Flight Unit.

In particular, the budget focused on resolving current issues, including ▲2.3 billion KRW for the opening of the urban planning road between Sudogyo and Beolli traffic lights ▲1 billion KRW for the opening of the urban planning road between Office Depot and Seonin 1-ri ▲1.3 billion KRW for the creation of Suyang Light Park ▲2.68 billion KRW for the Samcheonpo Palpopallak project ▲250 million KRW for the support project for sorting fees of agricultural product joint brands.

Mayor Park Dongsik said, “In response to the opening of the Space Aviation Agency, we have prepared the budget focusing on support policies that can help Sacheon City leap forward as an aerospace complex city and improve living conditions. Once the budget is finalized, we will do our best to swiftly execute it to invigorate the local economy.”

Meanwhile, this supplementary budget plan is expected to be finalized on May 3 after being approved at the 275th extraordinary session of the Sacheon City Council.

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