Ministry of Education Decides to Review Gwangju Office of Education’s New Building Project
Central Investment Review Committee: "Insufficient Project Budget... Increase Needed"
Civic Group Voices Concern: "Student Budget Should Come First"
The Ministry of Education has decided to conduct a comprehensive review of the Gwangju Metropolitan Office of Education's new office building construction project.
According to the Gwangju Metropolitan Office of Education and other sources on August 1, the Central Investment Review Committee of the Ministry of Education recently held a meeting and requested revisions to the detailed plans for the project as well as a readjustment of the budget.
The committee specifically determined that the budget allocated for parking lots and employee welfare facilities was significantly insufficient and expressed the opinion that an increase in the budget was necessary.
In response, the education civic group "Citizens' Coalition for a Society Without Academic Cliques" voiced concerns. They stated that if the total project cost is adjusted to around 150 billion won, there will likely be serious disruptions to key educational programs such as student welfare and basic academic support.
The coalition pointed out that the currently estimated cost already reaches around 110 billion won, and in this case, more than half of the Integrated Fiscal Stabilization Fund would be depleted for the construction of the new office building.
They also cited the 2024 fiscal year settlement data, noting that the fund, which stood at 446.1 billion won in 2022, is expected to plummet to 129.3 billion won by the end of 2025. They particularly criticized the Office of Education for prioritization issues, such as postponing asbestos removal work at 24 schools by one year due to budget shortages.
Hot Picks Today
"Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- While All Eyes Were on Samsung and Hynix, This Company Surged 50% to New Highs in Four Days [Weekend Money]
- "Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- "150 Trillion-Won National Growth Fund Launches... Construction Stocks Stir Again" [Weekend Money]
- Experts Already Watching Closely..."Target Price Set at 970,000 Won" Only Upward Momentum Remains [Weekend Money]
The coalition stated, "The Gwangju Metropolitan Office of Education must establish a fiscal stabilization plan for the new office building construction," and added, "The Gwangju City Council should also suspend the enforcement of the ordinance on the construction fund for the new office building and call for public discussion."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.