Gangwon Province Boosts Future Industries with 2.9% Budget Increase
Key Ideas
- Gangwon Province allocated 7.8059 trillion won for next year's budget, showing a 2.9% increase from this year, focusing on fostering future industries like semiconductors, bio, and future cars.
- The budget also emphasizes support for small and medium-sized enterprises, small business owners, farmers, and fishermen, with investments in safety, disaster response, and customized welfare for vulnerable groups.
- Significant investments include 249.2 billion won for future industries, 1.592 trillion won for local economic development, and 418.7 billion won for the safety sector, ensuring essential medical functions and equipment modernization at local medical centers.
- Governor Kim Jin-tae highlighted the budget's focus on future industries to enhance residents' quality of life and boost the economy, expecting it to drive economic revitalization in Gangwon Province.
Gangwon-do Province in South Korea has presented a budget of 7.8059 trillion won for the upcoming year, marking a 2.9% increase from the current year's budget. Despite economic challenges, the province managed to enhance its budget due to increased government subsidies. The focus of the next year's budget is on investing in future industries such as semiconductors, bio, and future cars. Additionally, there will be support for small and medium-sized enterprises, small business owners, farmers, and fishermen, as well as allocations for safety, disaster response, and welfare programs for vulnerable groups. A significant portion of the budget, 249.2 billion won, will be dedicated to fostering future industries like semiconductor testbeds and hydrogen storage projects. The province also plans to invest in local economic development, safety, social welfare, balanced regional development, and talent development. Governor Kim Jin-tae expressed optimism that this budget plan would enhance future industries, improve residents' lives, and stimulate economic growth in Gangwon Province.