Busan City holds a party-government council with the Busan City Party of the Democratic Party of Korea to discuss ways to secure national funding for next year.
Quick Look
On the morning of the 9th, Busan City held a party-government council at the Busan City Hotel in Yeonje-gu, Busan, with Mayor Jeon Jae-soo and Busan City Party of the Democratic Party of Korea in attendance, and discussed 9 pending issues, including relocation of public institutions, opening of Gadeokdo New Airport, and conversion of Baptist Hospital into a public hospital, and major projects to secure national funding for next year, including the establishment of the National Quantum Innovation Center and a physical AI-based care platform.
AI-generated summary
Why It Matters
For the first time since the Democratic Party of Korea regained the mayoral position in Busan after eight years, the city party and city government held a party-government council to discuss solutions to pending issues and ways to secure national funds.
The city of Busan announced on the morning of the 9th that it held a party-government conference with the Busan City Party of the Democratic Party of Korea to discuss current city administration issues and secure national funding for next year at the Busan City Hotel in Yeonje-gu, Busan.
From the city, Mayor Jeon Jae-soo, key aides, heads of offices, bureaus, and headquarters, and from the city party, city party chairman Park Hong-bae and regional committee chairs attended.
On this day, the party-government council was held for the first time since the Democratic Party regained the Busan mayoral position after eight years.
The two sides discussed solutions to nine pending issues, including promoting the second relocation of public institutions to regional areas, timely opening of Gadeokdo New Airport, converting Baptist Hospital into a public hospital, and establishing a safe drinking water supply system.
Starting with this discussion, action plans for each pending issue will be specified and cooperation between the party and government will continue to achieve practical breakthroughs.
We also discussed plans to secure national funding for next year, including AI transformation of industry, future research and development investment, and port and city innovation.
Major projects include the establishment of the National Quantum Innovation Center, the physical artificial intelligence (AI)-based local care linked total care AX (artificial intelligence conversion) platform, the creation of a blockchain creative district, the establishment of a maritime port AX demonstration center, the establishment of a next-generation power semiconductor production platform, and the AI transformation of the Eco Delta Smart City national pilot city.
City Party Chairman Park Hong-bae said, “We will actively secure the necessary budget to speed up major pending projects and resolve any blockages.”
In response, Mayor Jeon Jae-soo said, "We will actively cooperate with the Busan City Party of the Democratic Party to resolve Busan's long-cherished wish and secure national funding for next year to complete Busan's maritime capital."
What to Watch
AI outlook — possibilities, not facts
Busan City and the Busan City Party of the Democratic Party of Korea will continue discussions to secure national funding for next year.
Likely · Within months
New projects such as the National Quantum Innovation Center and physical AI-based care platform are likely to be reflected in next year's budget.
Possible · Within months
Open Questions
- How will the budget size for each project be determined?
- What are the specific legislative or administrative measures to secure national funding?
- What is the business promotion timeline?
