Busan is good

A Strong Leap Forward as a Maritime Capital, Together in Solidarity: Busan Metropolitan City Holds Budget and Policy Consultation with Democratic Party Headquarters

내용

Busan Metropolitan City, led by Mayor Chun Jae-soo, announced that it will hold a Budget and Policy Consultation with Democratic Party headquarters today, October 2, at 5:30 p.m. in the Grand Conference Room on the first floor of City Hall.

Attendees at today’s meeting will include Mayor Chun Jae-soo; Democratic Party leader Kim Min-seok and floor leader Han Byung-do, along with other members of the party leadership; Park Hong-bae, Chair of the Democratic Party’s Busan City Party; and Han Gap-yong, floor leader of the Democratic Party in the Busan Metropolitan Council.

This will be the first Budget and Policy Consultation between Busan Metropolitan City and the Democratic Party’s central leadership since the launch of the ninth popularly elected city administration. The meeting has been arranged to hold in-depth discussions on major projects for which the city will seek national government funding next year.

Today’s consultation is expected to focus on the city’s major projects seeking national government funding in 2027.

The meeting will discuss 10 major projects, including the construction of Gadeokdo New Airport, a key infrastructure project for Busan as a maritime capital; the establishment of a next-generation power semiconductor production platform to expand the city’s power semiconductor production base and create new engines of future growth in the southern region; the establishment of the National Quantum Innovation Center to create a hub for quantum technology research and innovation within the Centum 2 Urban High-Tech Industrial Complex; and the development of large fuselage technology for next-generation aircraft based on domestic composite materials, aimed at securing design, manufacturing, and verification technologies for large aircraft fuselages using domestically developed advanced materials and supporting entry into the global supply chain.

In addition, the city will present key pending issues to the party’s central leadership with the aim of advancing balanced national development and accelerating Busan’s rise as a maritime capital.

Major proposals include advancing the second relocation of public institutions to regions outside the capital area to establish regional growth hubs; developing a multipurpose domed arena at the North Port to drive the development of global culture and tourism in the southern region; establishing the Southeast Investment Corporation, a policy finance institution that will make focused investments in regional strategic industries and emerging industries of the future; and developing a safe drinking water supply system to resolve water-related issues that have persisted for 30 years.

Meanwhile, following a Budget and Policy Consultation with the People Power Party’s Busan City Party on September 2, the city also held a meeting involving the ruling and opposition parties and the city government on September 30, continuing its broad-based efforts toward bipartisan cooperation.

Mayor Chun Jae-soo is expected to say, “Busan now stands at a critical turning point as it seeks to become a hub for innovation-led growth in the southern region and advance as a maritime capital. Busan’s key pending issues and projects seeking national government funding are representative integrated growth-hub initiatives for the maritime capital region and essential tasks for balanced national development and stronger national competitiveness. We therefore ask for the party leadership’s full support and active cooperation at the National Assembly level.”