On September 22, the Democratic Party's special committee on mega projects and regional growth support held a workshop to discuss legislation supporting the government's three major mega projects. The party emphasized that the new direction for South Korea's growth lies in regional development, highlighting the importance of building industrial infrastructure and improving living conditions in local areas.
Lee Kwang-jae, the committee's senior vice chair, stated during the workshop at the National Assembly, "Mega projects are initiatives aimed at protecting and enriching the lives of citizens," and pledged to work towards achieving significant results within the year through budget and legislative efforts.
Kim Kyung-soo, another senior vice chair, argued that balanced regional development is crucial for the success of the Lee Jae-myung administration. He noted, "President Lee emphasized balanced regional development as a fundamental solution to real estate policy during a press conference," adding that while it is important to push forward various supply policies, accelerating regional development and local-led growth is vital for the success of the government's real estate policies.
Kwon Chil-seung also remarked, "The goal of mega growth is not merely about attracting more companies to the regions or securing additional budgets." He pointed out the need to change the historically centralized growth structure, allowing regions to create their own growth strategies and establish sustainable industrial ecosystems.
He further stated, "The core and aim of the mega growth strategy is not just to share the fruits of growth but to create the very capacity for growth in every region. We must ensure that industrial infrastructure, as well as living conditions such as housing, education, and culture, are in place to retain talent. Legislative, financial, and regulatory innovations must also move in tandem to support this effort."
Lee Kwang-jae, the committee's senior vice chair, stated during the workshop at the National Assembly, "Mega projects are initiatives aimed at protecting and enriching the lives of citizens," and pledged to work towards achieving significant results within the year through budget and legislative efforts.
Kim Kyung-soo, another senior vice chair, argued that balanced regional development is crucial for the success of the Lee Jae-myung administration. He noted, "President Lee emphasized balanced regional development as a fundamental solution to real estate policy during a press conference," adding that while it is important to push forward various supply policies, accelerating regional development and local-led growth is vital for the success of the government's real estate policies.
Kwon Chil-seung also remarked, "The goal of mega growth is not merely about attracting more companies to the regions or securing additional budgets." He pointed out the need to change the historically centralized growth structure, allowing regions to create their own growth strategies and establish sustainable industrial ecosystems.
He further stated, "The core and aim of the mega growth strategy is not just to share the fruits of growth but to create the very capacity for growth in every region. We must ensure that industrial infrastructure, as well as living conditions such as housing, education, and culture, are in place to retain talent. Legislative, financial, and regulatory innovations must also move in tandem to support this effort."
* This article has been translated by AI.
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