Yeosu-si, 769 Billion Won National Budget Next Year... Momentum for Current Projects

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Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) announced on the 13th that it secured 769 billion KRW in national funding for 2025, an increase of 30.5 billion KRW compared to this year, following the passage of the ‘2025 Government Budget’ through the National Assembly on the 10th.

Despite adverse conditions such as the government’s fiscal tightening policy and the unprecedented budget reduction without any increase, the city achieved the highest amount ever secured.

Jeong Gi-myeong, Mayor of Yeosu City, visited the National Assembly on October 16 and requested national budget support for major ongoing projects during a meeting with Park Jeong, Chairman of the Special Committee on Budget and Accounts. Provided by Yeosu City

Accordingly, it is expected that the promotion of major pending projects in various fields such as large-scale SOC, disaster safety, culture and tourism, and agriculture, forestry, and marine sectors will accelerate.

The SOC sector projects reflected in the government budget include ▲ Yeosu Hwatae~Baekya road construction project (69.3 billion KRW) ▲ Yeosu~Namhae undersea tunnel construction project (69.4 billion KRW) ▲ Gyeongdo Marine Tourism Complex access road construction (8 billion KRW), among others.

In the agriculture, forestry, and marine sectors, projects such as ▲ Gwangyang Port Nakpo Pier redevelopment project (46.4 billion KRW) ▲ Gwangyang (Yeocheon) Port Myodo Strait route straightening project (40.3 billion KRW) ▲ Special situation regional development project (4th Comprehensive Island Development Project) (15.27 billion KRW) were included.

In the disaster safety sector, funding was secured for ▲ Introduction of large-capacity foam spraying system in the Honam region (2.28 billion KRW) ▲ Maintenance project for collapse-risk areas on steep slopes (Nam-myeon and Sora districts) (1.15 billion KRW), among others.

The city especially signed a business agreement with the Fire Agency in September last year for the ‘Introduction of large-capacity foam spraying system in the Honam region’ and has continuously advocated for the necessity of its introduction to the Ministry of the Interior and Safety, the Ministry of Economy and Finance, and the National Assembly. With the 2.28 billion KRW reflected in this year’s government budget, it is expected to greatly contribute to industrial safety at the Yeosu Industrial Complex and other Honam region workplaces, as well as to emergency responses to heavy rain and fire incidents.

Additionally, projects such as ▲ Hosting the 2026 Yeosu World Islands Expo international event (2.3 billion KRW) ▲ Southern region wide-area tourism development project (Beauty & Spa Wellness Tourism Hub Project) (1 billion KRW) were included.

The city explained that although efforts were made in the National Assembly to increase the budget for the Islands Expo by an additional 3.2 billion KRW, it was not finally reflected. To ensure smooth preparations for the Expo, which is about 630 days away, the city plans to fully commit to the government’s supplementary budget next year.

Mayor Jeong Gi-myeong stated, “Despite difficult local financial conditions, with great support and cooperation from Assemblymen Joo Cheol-hyun and Jo Gye-won, as well as provincial and city council members, we achieved the largest national funding ever secured.” He added, “We will actively discover projects related to livelihood stabilization and economic recovery in preparation for next year’s government supplementary budget and devote efforts to securing government budget allocations.”

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