National Power Busan lawmakers urge Korea Development Bank’s headquarters to be relocated to Busan as soon as possible
Quick Look
People Power Party's Busan-area lawmakers called for the quick relocation of the Korea Development Bank's head office to Busan and criticized the Lee Jae-myung administration for suggesting a cancellation of the relocation.
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Why It Matters
People Power Party members of the Busan region held a press conference in the Busan City Council briefing room to call for the Korea Development Bank's head office to be relocated to Busan.
On the 9th, People Power Party members of the Busan region called for the speedy relocation of the Korea Development Bank's headquarters to Busan.
Local People's Power lawmakers, including People Power Party Busan City Party Chairman Lee Seong-kwon, held a press conference at the Busan City Council briefing room on this day and criticized, "Financial Services Commission Chairman Lee Eok-won and Democratic Party of Korea lawmaker who is a member of the National Assembly's Political Affairs Committee in charge of the Korea Development Bank are pouring out comments that can be read as a cancellation of the Korea Development Bank's relocation to Busan."
They pointed out, "The aspirations of Busan citizens have been driven to the brink by the Lee Jae-myung administration's suggestion of canceling the Korea Development Bank's relocation to Busan following the Busan Global Hub City Special Act. If this turns into reality, it would not be an exaggeration to say that preventing Busan's future is the number one national task of the Lee Jae-myung administration."
He then said, "Why is the Lee Jae-myung government taking care of the Honam semiconductor cluster by mentioning the revision of guidelines for relocating the Gwangju County Airport, but ignoring the public sentiment in Busan, which has long wanted the Korea Development Bank to be relocated to Busan? We urge President Lee Jae-myung and the government to quickly decide on the Korea Development Bank's relocation to Busan and begin the relocation process."
He also emphasized, “The central government is showing its intention to cancel the relocation of the Korea Development Bank to Busan, but Busan Mayor Jeon Jae-soo has no presence at all,” and added, “Even if it is only by using his position as a member of the ruling party, he will have to show efforts to put pressure on the president and the government and push through the relocation of the Korea Development Bank to Busan.”
Chairman Lee Seong-kwon and lawmakers Kim Do-eup, Lee Seong-kwon, and Baek Jong-heon attended the press conference on this day, and local People Power Party lawmakers all signed the statement.
Open Questions
- What is the specific schedule for Korea Development Bank’s relocation to Busan?
- Which part of Financial Services Commission Chairman Lee Eok-won's remarks was read as blank?


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