Kim Yunsang, 2nd Vice Minister of Ministry of Economy and Finance, Visits Gwangju Future Car Ecosystem Site

Listening to Opinions on Bitgreen Industrial Complex, Mirae Car National Industrial Complex, and SoBujang Specialized Complex

Mayor Kang Gijeong Actively Requests Cooperation on 5 Gwangju Priority National Budget Projects

Kim Yunsang, the 2nd Vice Minister of the Ministry of Economy and Finance, visited Gwangju on the 29th to inspect national budget projects such as Bitgreen Industrial Complex, Future Car National Industrial Complex, and Specialized Materials and Components Complex.

The city of Gwangju requested Vice Minister Kim to support national budget funding for local projects related to building Gwangju's future car ecosystem.

The Gwangju Metropolitan City (Mayor Kang Gijeong) announced that on this day, Vice Minister Kim Yunsang of the Ministry of Economy and Finance visited key national budget project sites including Bitgreen Industrial Complex, the forward base of Gwangju's future car industry, Future Car National Industrial Complex, and Specialized Materials and Components Complex to check the status of Gwangju's future car ecosystem.

Vice Minister Kim also visited the Gwangju Green Car Promotion Agency and held a 'Gwangju Future Car Industry Promotion Meeting.' At this meeting, he received reports on future car industry-related initiatives from relevant ministries such as the Ministry of Trade, Industry and Energy and the Ministry of Land, Infrastructure and Transport, as well as from the Green Car Promotion Agency and Gwangju Urban Corporation, and listened to on-site opinions.

Vice Minister Kim stated, "Advanced industries like future cars are the driving force for continuous economic growth," and added, "We are also promoting step-by-step tailored support for the creation of advanced industry clusters, such as easing development restriction zone location regulations and early feasibility reviews."

He then visited LG Innotek, a future car parts company, toured the facilities, and had a time of communication.

The city of Gwangju requested active cooperation from the Ministry of Economy and Finance on national budget projects including ▲ Establishment of a shared platform for future automobile core parts development support (total project cost 44.5 billion KRW) ▲ Creation of an AI Innovation Verification Valley (total project cost 600 billion KRW) ▲ Construction of an AI semiconductor integrated verification center (total project cost 30 billion KRW) ▲ Attraction of the National Museum of Modern and Contemporary Art Gwangju branch (total project cost 99.5 billion KRW) ▲ Maintenance of Gwangju's aging water pipes (total project cost 95 billion KRW).

Mayor Kang Gijeong of Gwangju said, "Securing the national budget is the top priority for the speedy promotion of Gwangju's core policies such as the growth engines of artificial intelligence (AI) and future cars, which are the two wings of Gwangju's future industry," and requested, "We ask for special attention and cooperation so that these can be finally reflected in the government budget at the Ministry of Economy and Finance stage."

In response, Vice Minister Kim replied, "We will actively review this during the government budget formulation process."

Meanwhile, Gwangju plans to monitor the budget formulation progress until the government proposal is finalized and make frequent visits to central ministries, the Ministry of Economy and Finance, and the National Assembly to explain the necessity of the projects, making every effort to secure next year's national budget.

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