Mayor Shin Sangjin Seeks Re-Election: "10 Trillion Won Reconstruction Fund to End Fivefold Disaster"

Sangjin Shin, Mayor of Seongnam, Announces Bid for 9th Term
Slogan: "Righteously! Quickly! Completing Hopeful Seongnam"
Redevelopment and Reconstruction to Be Directly Supported with 10 Trillion Won Fund
"Era of Railways at Your Doorstep"… New Seongnam Circulating Rail Network Announced
From Newborns to Youth… Introduction of Seongnam-Style Asset Formation Fund

On May 4, Seongnam Mayor Sangjin Shin officially announced his candidacy for the 9th term of the elected mayor of Seongnam in front of Seongnam City Hall. Mayor Shin stated, "We are at a crossroads where we must decide whether to return to a past tainted by corruption and irregularities or to move forward into a brighter future," and expressed his ambition to 'quickly' realize Seongnam's value on the solid foundation of a 'righteously' established 8th term.

Sangsjin Shin, candidate for mayor of Seongnam (People Power Party), officially announced his candidacy for the 9th term mayoral election of Seongnam on the 4th. Photo by Jonggu Lee

Mayor Shin delivered sharp criticism of the current administration's real estate policies.

He argued, "The current administration and ruling party's real estate regulatory policies, including moves to abolish the long-term holding special deduction, are predatory administration that infringes on the property rights of Seongnam citizens and undermines the value of the city—an administrative disaster." He further criticized, "The triple regulations of 'speculative overheated districts, adjustment target areas, and land transaction permit zones' being applied to all areas including Sujeong, Jungwon, and Bundang Districts excessively restrict citizens' property rights. The resulting limitations on Bundang redevelopment supply and tax burden spikes due to soaring publicly announced land prices are acting as a five-fold disaster for Seongnam citizens."

To directly address these issues, Mayor Shin pledged to create a redevelopment and reconstruction fund totaling 10 trillion won.

Mayor Shin explained, "This is possible because we secured sound fiscal health by clearing all debts during the 8th term," adding, "The fund will be primarily invested in reducing citizens' own contributions and financial costs."

He emphasized that "the fund will be directly allocated to lowering citizens' own contributions and financial costs, and will be rapidly implemented in a way that maximizes resident benefits."

Regarding transportation infrastructure, he presented proactive alternatives that do not rely solely on administrative procedures by higher authorities. Candidate Shin announced plans to establish a 'circulating railway network within Seongnam,' declaring that he would usher in an 'era of railways at your doorstep' by connecting key hubs such as Seongnam City Hall Station, Dochon-Yatap Station, Pangyo-dong Station, Baekhyeon MICE Station, and Ori Station (SRT double-track line).

In the field of welfare, the introduction of the so-called 'Seongnam-type Trump Account,' a 'Newborn and Youth Asset Formation Fund,' drew attention. Under this plan, every child born in Seongnam would immediately receive a seed fund of 1 million won, which would be invested in ETFs and other vehicles so that, upon reaching adulthood at 18, the recipient would have accumulated assets. Candidate Shin expressed confidence, saying, "This will be a groundbreaking welfare model to resolve income disparity, address wealth polarization, and overcome the low birthrate issue."

Sangjin Shin, candidate for Seongnam Mayor (People Power Party), officially announced his candidacy for the 9th term of the Seongnam Mayor on the 4th. Photo by Jonggu Lee

Mayor Shin appealed to authenticity by referencing his 43 years of life spent alongside Seongnam, beginning as a night school teacher while at Seoul National University College of Medicine, working as a factory laborer in Sangdaewon, then as the head of Seongnam Clinic, and finally as mayor. He reflected, "Seongnam has been my life and destiny."

He listed the major achievements of the 8th term, including the selection of the feasibility study for the extension of Subway Line 8 to Pangyo, attracting Baekhyeon MICE and POSCO Global Center, pursuing the recovery of unfair gains from Daejang-dong, and providing free flu vaccinations to all citizens. He appealed for support, saying, "It should not be an untested rookie, but a proven mayor who completes Korea's finest city."

Candidate Shin also stated, "The LIG Nex1 Global Defense Industry R&D Complex project has begun in Siheung-dong, Sujeong District, and recently Sejong University has been promoting a large-scale AI and fabless industry-academia research and development complex in the Hadaewon-dong and Dochon-dong area of Jungwon District."

Mayor Shin highlighted his 43-year connection with Seongnam since his days at Seoul National University College of Medicine, mentioning his time as a factory worker in Sangdaewon and as the director of Seongnam Clinic. He emphasized, "Seongnam is my life and destiny," and appealed for support, saying, "It should not be an anxious administration led by a beginner, but a proven mayor who completes Korea's top premium city."

He went on to list the achievements of the past four years, such as pursuing the recovery of unfair gains from Daejang-dong, the selection of the feasibility study for the extension of Subway Line 8 to Pangyo, and the promotion of the Ori 4th Techno Valley, adding, "I will complete Seongnam's transformation in the 9th term."

Sangjin Shin, candidate for mayor of Seongnam (People Power Party), officially declared his candidacy for the 9th-term mayor of Seongnam on the 4th. Photo by Jonggu Lee

Finally, Mayor Shin stressed, "I will build a human-centered city where justice is alive, a city where business and education thrive," and added, "The transformation of Seongnam will not stop, and I, Sangjin Shin, will take responsibility until the end."

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