Jeonbuk Seeks 'Megaprojects' to Shape Its Next 100 Years

Province Organizes Task Force
Aims to Discover More Than 10 Projects Worth Over 300 Billion Won Each

Jeonbuk Special Self-Governing Province is launching a “Jeonbuk Mega Project Discovery Task Force” to identify large-scale projects that can transform the region’s industrial and economic structure and secure future growth engines.

Jeonbuk Special Self-Governing Province Office exterior view

On August 18, the province held an executive meeting presided over by Governor Lee Wontak to discuss the composition and operational direction of the task force. The task force will operate until December of this year and aims to discover more than 10 megaprojects, each with a total project cost of at least 300 billion won.

The task force will be led by the Vice Governor for Administrative Affairs and the Head of Planning and Coordination will serve as deputy leader. The projects will be organized across seven divisions: ▲ Economy & Employment ▲ Future New Industries ▲ Agri-Bio ▲ Culture, Sports & Tourism ▲ Saemangeum & Marine Fisheries ▲ Balanced Development & SOC ▲ Environment & Education.

Rather than simply gathering large-scale projects, the task force will focus on identifying major projects tailored to the region's needs by combining the government's national fiscal investment direction with Jeonbuk's strengths. In particular, the province plans to increase the feasibility and competitiveness of these projects by including businesspeople with in-depth local knowledge and external experts with specific expertise.

Governor Lee Wontak instructed that the task force include a wide range of individuals with both specialized knowledge and on-site experience. Since megaprojects can reshape Jeonbuk’s industrial ecosystem and the direction of local development, the governor emphasized the importance of raising the level of completion from the planning stage. The province also plans to ensure that projects discovered by the task force do not remain as mere ideas, but proceed through follow-up procedures so that they can actually become government-led projects.

Jeonbuk Special Self-Governing Province will refine these projects to match the direction of national fiscal investment and work to include them in the national budget. If legal amendments are required for project implementation, the province will also cooperate with political circles. With the task force scheduled to be active until December of this year, it is expected that during the second half of the year, the discovery and review of projects, as well as the development of strategies for commercialization, will progress simultaneously.

Governor Lee Wontak stated, “Megaprojects are critical tasks that will transform Jeonbuk’s industrial ecosystem, so we must make every effort in organizing the task force. Please enhance the feasibility and completeness of these projects by involving businesspeople with rich on-site experience in the province and proven experts with verified capabilities.”

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