Hong Nampyo, Changwon Special City Mayor, "Changwon City's National Budget Increased by 63.5 Billion Won... Major Core Projects Included"
Changwon Special City Secures 1.8591 Trillion KRW in National Funding
Expected to Accelerate Future Innovative Growth
Changwon City, Gyeongnam Special City announced that it has secured a national budget of 1.8591 trillion KRW to stabilize the local economy and public welfare following the approval of the 2025 government budget proposal.
Changwon Special City Mayor Hong Nampyo is holding a progress review meeting on securing the 2025 national budget on May 24.
View original imageThis amount represents an increase of 63.5 billion KRW (3.5%) compared to the previous year, and is regarded as an achievement reflecting Changwon City's key projects despite the government's ultra-tight fiscal policy.
In particular, the budget includes various projects aimed at accelerating Changwon City's future innovation growth, community-based initiatives, and improving citizen safety and quality of life.
The future innovation growth acceleration projects include major initiatives such as the establishment of a drone manufacturing localization specialized complex (200 million KRW), the construction of a digital transformation support center for machinery and defense manufacturing (4.6 billion KRW), and the establishment of an AI and big data-based advanced medical and bio device research and manufacturing center (3 billion KRW), which will lead future industries.
Additionally, community-based projects reflected in the budget include the establishment of smart senior centers (400 million KRW), improvement of parking environments in traditional markets (4.5 billion KRW), and support projects for residents in development-restricted zones (4.2 billion KRW).
Furthermore, projects aimed at enhancing citizen safety and quality of life include natural disaster risk area maintenance projects (13 billion KRW), support for the Jinhae Family Center (400 million KRW), and revitalization projects for fishing villages (7.5 billion KRW). The construction of Jinhae New Port (434.7 billion KRW) and the Southern Region Wide-area Tourism Development project (1.3 billion KRW) were also included as major budget items.
Mayor Hong Nam-pyo stated, “The national budget secured this time is an important seed budget for Changwon City's future innovation growth and for projects that will bring everyday changes to citizens,” adding, “We will do our best to ensure that Changwon City's key projects proceed smoothly in 2025.”
Hot Picks Today
“Nothing Left to Protect” as Japan Drops Its ...
- "Only the Top 1% Winning Big in Stocks Smile... '300 Million Won Splurges' or '1...
- "Paying More Than the Listed Price?"... Academies Caught in the Act of Illicit T...
- Applied Just for Skin Soothing...Study Finds It Suppresses Antibiotic Resistance
- "Please Launch It in Korea!" After All the Hype... This Coffee Finally Arrives i...
Meanwhile, based on this budget, the city plans to promote projects within the budget scope and establish plans to secure the national budget for 2026.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.