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BackBusan Economic Federation urges relocation of public financial institutions to Busan
Busan Economic Federation urges relocation of public financial institutions to Busan
Developing
연합뉴스41 minutes agoPolitics1 min readSouth KoreaView original

Busan Economic Federation urges relocation of public financial institutions to Busan

Busan Economic CouncilRelocation of public institutionsKorea Development Bank

Quick Look

  • The Busan Citizens' Coalition for Economic Justice held a press conference at the Busan City Council briefing room on the 9th, criticizing the government's decision to postpone the relocation of financial public institutions to the fourth quarter of this year in the second public institution relocation plan, and urged that the relocation of financial public institutions, including Korea Development Bank, to Busan be specified.
  • He expressed concern that on-site support and policy speed would decline if policy finance institutions remained in Seoul even though shipping companies and relevant ministries were located in Busan, and requested a joint response from Busan City, ruling and opposition parties, and civil society.

AI-generated summary

Why It Matters

The government is pursuing the second relocation of public institutions, and the Busan Federation of Economic Justices is demanding the relocation of public financial institutions to Busan.

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The Busan Citizens' Coalition for Economic Justice held a press conference in the Busan City Council briefing room on the morning of the 9th regarding the government's second relocation of public institutions and asserted, "The government has postponed the relocation of public financial institutions to the fourth quarter of this year," and added, "The relocation of financial public institutions, including Korea Development Bank, to Busan must be clearly stated."

At the same time, he expressed concern, saying, "Even though shipping companies and relevant ministries are all located in Busan, if the policy financial institution that holds the actual financial resources remains in Seoul, field-based support and a sense of policy speed will inevitably decline."

The Busan Economic Coalition said, “The relocation of the Korea Development Bank to Busan is the final puzzle in completing the maritime capital and maritime metropolitan area,” and requested a joint response from Busan City, the ruling and opposition party political circles, and civil society.

Open Questions

  • Which financial public institutions are included in the relocation to Busan?
  • What is the specific schedule for the relocation period?
  • What is the progress of discussions between Busan City and the central government?

Related Topics

Busan Economic Council
PeopleJaehong Kim
OrganizationsBusan Citizens’ Coalition for Economic JusticeKorea Development BankYonhap News
PlacesBusanBusan City Council Briefing RoomSeoul
TopicsRelocation of public institutionsKorea Development BankRelocation to Busanfinancial public institutionsmaritime capitalpolicy finance
This article was originally published by 연합뉴스.

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