Jeonbuk Province Governor presents next year’s budget and organizational direction… Securing 700 billion won in physical AI budget

Jeonbuk Special Self-Governing Province Governor Lee Won-taek said on the 6th, “We will prepare next year’s budget and organization based on how helpful it will be for the income and happiness of the residents, population, and economic ecosystem.”

He emphasized this at a press conference held on the 100th day of his inauguration held at the provincial office on this day, saying, “Over the past 100 days, we have set standards for perceived growth and prepared for implementation.”

Governor Lee defined perceived growth as growth that actually improves the jobs, income, and lives of residents of the province, and emphasized, "We will create a virtuous cycle in which businesses, agriculture, culture, and talent in the province grow on their own, and the results are accumulated and reinvested in the region."

The goals included ▲ expansion of the company's growth ladder ▲ step-by-step creation of a 5 trillion won perceived growth fund ▲ fostering of Jeonbuk-type local franchises ▲ increase in income of farmers and fishermen by connecting production, processing, distribution and sales ▲ specification of the concept of a sunlight and wind income village and pension city ▲ strengthening of welfare and care for the vulnerable.

Progress made so far related to future industries included ▲ securing a physical artificial intelligence (AI) and robot budget of KRW 736.8 billion over 5 years ▲ designating a specialized complex for semiconductor materials, parts and equipment ▲ selecting green hydrogen, physical AI and hemp as the three major growth engines ▲ reflecting the national budget of KRW 10.2349 trillion based on the government plan.

The confirmation of the establishment of the National Graduate School of Medicine in Namwon and the conversion of Namwon Medical Center into Namwon Hospital of the National Medical Center were also evaluated as significant progress.

Governor Lee declared, "We will actively respond to the government's secondary relocation of public institutions and achieve designation as a financial center by gathering financial institutions, companies, and talent centered on the International Finance Center." He also declared, "We will actively respond to hosting the 2036 Jeonju Summer Olympics and expanding Saemangeum International Airport and SOC."

In addition, he emphasized, "Now, I will turn the foundation laid over the past 100 days into investment, corporate growth, jobs for youth, and income for residents," and added, "I will work first to ensure that the results achieved through sweat can be returned to the lives of residents. I will take responsibility until the end."