Hwasun County Selected as “Outstanding Region” in 2026 Local Extinction Response Fund Evaluation

To Be Used for Various Projects Including Attracting New Residents

Hwasun County in South Jeolla Province has been selected as an “Outstanding Region” in the 2026 Local Extinction Response Fund investment plan evaluation, securing the maximum amount of 12 billion KRW.

Commemorative photo celebrating the securing of 12 billion KRW for the Local Extinction Response Fund. Provided by Hwasun County

According to the county on December 4, this achievement is expected to provide Hwasun with a solid financial foundation to respond to local extinction, while also accelerating the implementation of effective projects to attract and settle new residents.

The county was ultimately designated as an “Outstanding Region” after a three-stage evaluation process, which included a document review, on-site visit, and in-person assessment. This recognition is the result of Hwasun’s strategic business planning and exceptional execution, with its continuous efforts and thorough preparation finally bearing fruit.

The 12 billion KRW secured by the county will be used for a variety of projects to attract new residents and support their settlement. Key initiatives include support for 10,000 KRW rental housing for young people and newlyweds, operation of the Hwasun-style 24-hour daycare center, and the creation of a complex terminal integrating transportation, logistics, and cultural facilities.

The county also plans to establish the second bio-pharmaceutical industrial complex to serve as a national hub for vaccine production and immunotherapy, attract large-scale corporate investments, create quality jobs, and secure sustainable future growth engines.

Governor Koo Bokgyu stated, “By securing this fund, we will be able to provide tangible benefits to local residents and efficiently promote various projects to revitalize the local economy, including the bio industry. We will execute the fund effectively to overcome the crisis of local extinction and lead sustainable development.”

The Local Extinction Response Fund is a central government fund that has provided 1 trillion KRW annually for ten years, from 2022 to 2031, to support region-led projects addressing local extinction. The fund is allocated differentially based on the evaluation of each local government’s investment plan.

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