Chair Lim Hyungseok Calls for "Strategies and Incentives to Attract Public Institutions in Second Relocation Round"

"Need incentives to promote balanced development across all 27 cities, counties and districts" - calls for action

Lim Hyungseok, Chair of the Planning and Finance Committee of the Jeonnam-Gwangju Integrated Special City Council, called for the city to take an active approach to attracting public institutions ahead of the second round of relocations and to develop meaningful incentives.

At an administrative audit on Nov. 5 of the departments under the Finance and Planning Headquarters, Lim said, "While respecting the government's principle of prioritizing relocations to innovation cities, we should actively consider ways to attract institutions that make use of exceptions permitted under relevant laws and regulations to promote balanced development across all 27 cities, counties and districts."

Lim Hyungseok, Chair of the Strategy and Finance Committee

He pointed out that metropolitan governments should do more than simply relay the incentives proposed by local governments. He said the Integrated Special City should take the lead in persuading institutions slated for relocation to choose the area.

"There is currently no special strategy in sight for attracting public institutions," Lim said. "Since relocation negotiations with each institution are important, we need differentiated incentives that can encourage them to relocate."

He added, "The Integrated Special City should promptly establish the scale of financial support it can provide and develop concrete strategies for attracting institutions."

"The metropolitan government must take a more proactive role to ensure that the second round of public institution relocations does not concentrate in a particular area, but instead leads to balanced development across the entire Integrated Special City," Lim said.

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