Pohang City Mobilizes Efforts to Secure 1.66 Trillion Won in National Funding... Details 2027 Budget Strategies

Pohang City Holds 2nd Progress Meeting on Securing the 2027 National Investment Budget

Key Future Projects Included: AI, Salmon Aquaculture, and Marine Tourism

"Strengthening Consultations with Central Ministries and the National Assembly for Final Budget Inclusion"

Pohang City is concretizing its strategies for securing the national investment budget for 2027, accelerating efforts to revitalize the local economy and foster future new industries.

On the 15th, the city held the "2nd Progress Report Meeting on Securing the National Investment Budget for 2027" at the city hall's main conference room, presided over by Acting Mayor Jang Sang-gil. During the meeting, the city reviewed its tailored strategies for securing national funding in line with the budget planning schedules of each government ministry.

Pohang City held the "2nd Progress Report Meeting on Securing National Investment Budget for 2027" on the 15th at the city hall's main conference room. Provided by Pohang City

Currently, Pohang City is pursuing a total of 287 projects eligible for national funding for 2027, amounting to 1.6631 trillion won.

Among these, there are 95 new projects (252.6 billion won) and 192 ongoing projects (1.4105 trillion won).

Major national investment budget projects include key initiatives to strengthen future industry competitiveness, such as the establishment of an on-device AI-based autonomous manufacturing demonstration platform specializing in manufacturing, the expansion of the Pohang salmon aquaculture cluster, and the development of a complex marine leisure tourism city.

During this report meeting, the city checked the progress of consultations with central government ministries and focused on refining its arguments to respond to potential issues that may arise during the main budget review stage.

In particular, Pohang City is demonstrating a strong commitment to securing major national investment budgets by emphasizing the alignment of large-scale SOC projects, such as the Yeongilman Bay Bridge, as well as projects related to strategic industries like secondary batteries, hydrogen, and bio, with government policies, aiming to contribute to sound fiscal management and the revitalization of the local economy.

The city plans to actively visit Gyeongsangbuk-do Province, central government ministries, and the National Assembly as needed until the ministries' budget proposals are submitted to the Ministry of Planning and Budget, in order to thoroughly explain the validity and necessity of its projects.

Additionally, Pohang City will continuously analyze the latest work plans and trends in government-funded project competitions from each ministry to further refine its response strategies.

Acting Mayor Jang Sang-gil stated, "Public investment through securing national and provincial funds must serve as a solid foundation for stabilizing people's livelihoods. As this is a crucial time to ensure our identified projects are actually reflected in the budget, I urge all departments to develop thorough arguments and engage in persistent persuasion with the ministries, collaborating closely to ensure the final budget allocation."

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