Democratic Party Supports Budget Policies in Daejeon, Focuses on Public Institution Relocation and Future Industries

by Lee da hui Posted : September 16, 2026, 18:48Updated : September 16, 2026, 18:48
The Democratic Party held a budget policy council in Daejeon on September 6, pledging support for local projects, including the second phase of public institution relocation and the establishment of Daejeon Medical Center.

Kim Min-seok, the party leader, stated at the council meeting held at Daejeon City Hall, "The Democratic Party will work to ensure that Daejeon becomes the center of revitalizing the region and the country in all aspects of budget and policy." He noted, "Daejeon was designated as an innovation city in 2002, and while the relocation of public institutions will proceed, we will strive to ensure that the projects that have not yet been realized are successfully implemented."

Floor Leader Han Byeong-do emphasized, "During the previous Yoon Suk-yeol administration, cuts to research and development (R&D) budgets discouraged researchers and caused significant difficulties for the local economy. Now is the time for bold investments and assured budget support for Daejeon, which has led the future of South Korea."

He also committed to closely examining key budgets related to the establishment of Daejeon Medical Center, the promotion of essential social overhead capital (SOC) projects, the relocation of Daejeon Prison, and the nurturing of future industries.

Lee Kwang-jae, chairman of the National Assembly's Budget and Accounts Committee, remarked, "Daejeon is one of the most promising places to become the second Pangyo. I hope to transform this area, which includes KAIST, Chungnam National University, and Daedeok Special Zone, into a business city covering approximately 20 million pyeong."

He added, "If we lift the height restrictions in Daedeok Special Zone, venture companies will not need to move to Seoul; they can live, work, and establish their businesses here. Daejeon will become a hub for ventures, and with the best talents at KAIST, opportunities will open up."

Daejeon Mayor Heo Tae-jeong proposed 13 projects to the party leadership, including the establishment of a national semiconductor research institute, the operation of a public children's rehabilitation hospital, and the construction of the CTX railway segment in the Chungcheong region.

Kwon Chil-seung, the policy committee chair, stated, "Regarding CTX, I noticed that an additional 1.7235 trillion won was reflected last year, which was not included in the original government plan. I will closely monitor how it is being utilized and ensure that issues related to the national railway network plan are addressed at the central party level."




* This article has been translated by AI.