Gwangyang City to Hold 'Gwangyang Great Transformation Citizens' Report' on the 15th and Share Its Blueprint

Explaining Fiscal and Economic Conditions and Response Strategies
Presenting Five Major Transformation Strategies

Gwangyang City, located in the Jeonnam-Gwangju Integrated Special City, announced that it will hold the "9th Civilian Gwangyang Great Transformation Future Vision and Emergency Economy Citizens' Report" on July 15 at 2 p.m. at the Baekwoon Art Hall of POSCO Gwangyang Steelworks, with more than 600 participants including citizens, representatives from the economic and industrial sectors, institutions, and social organizations.

This report session will be the first occasion since the launch of the 9th civilian administration to explain the city's policy direction directly to the public. It has been organized to transparently communicate Gwangyang's current fiscal and economic situation, present strategies to overcome the crisis through emergency economic measures, and outline a new future vision for the city.

On the 15th, the "9th Civilian Gwangyang Great Transformation Future Vision and Emergency Economy Citizen Report" will be held at the Baegun Art Hall of POSCO Gwangyang Steelworks, attended by about 600 people including citizens, economic and industrial sectors, and representatives from institutions and social organizations. Provided by Gwangyang City

Gwangyang City has diagnosed that the local economy is facing increasing difficulties due to worsening local fiscal conditions caused by declining revenues and rising mandatory expenditures, the structural transformation of key industries such as steel, contraction of domestic demand, and the management challenges faced by small business owners.

Accordingly, the city plans to fundamentally reexamine all projects and boldly reduce conventional and inefficient expenditures as part of a fiscal innovation drive. However, areas directly related to citizens' lives—such as public safety, essential welfare, and protection of vulnerable groups—will remain firmly in place without disruption.

During the report session, Gwangyang City will assess its current fiscal and economic conditions, explain its response strategies for fiscal innovation and local economic recovery, and then connect these plans to the future vision of the 9th civilian Gwangyang Great Transformation.

Subsequently, the city will share with citizens the municipal vision for the 9th civilian administration, five major transformation strategies, plans to foster future growth engines, and the key initiatives from its first 100 days, presenting a blueprint for a sustainable future city of Gwangyang.

A Gwangyang City official stated, "This citizens' report aims to transparently inform citizens about Gwangyang's fiscal and economic realities and to demonstrate the practical commitment of the 9th civilian administration to turn this crisis into an opportunity for a new leap forward. We ask for your continued interest so that, together with our citizens, we can build a new future for Gwangyang."

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