Daejeon Aims to Secure 5 Trillion Won in Central Government Funding

2027 National Budget Project Discovery Final Report Meeting Held… 47 National Budget Projects Identified

Society|
|
By Park Hee-yun
||
null - Seoul Economic Daily Society News from South Korea

The Daejeon Metropolitan Government held its final review meeting on securing central government funding for 2027 at City Hall on Tuesday, chaired by Mayor Lee Jang-woo, as it moves to surpass the 5 trillion won threshold in national budget allocations.

The city set its 2027 target for central government funding at 5.0406 trillion won ($3.7 billion), a 240 billion won increase — up 5 percent — from the previous year. Following two preliminary sessions led by the deputy mayor on February 5 and March 18, officials identified a final list of 47 projects for national funding.

Key new projects in the advanced industry sector include: △ a national quantum cluster development project (total 160 billion won), △ a pilot project to establish an AI-biotech (AIxBio) innovation research hub (total 49.1 billion won), △ designation of a specialized defense parts and materials complex (total 100 billion won), and △ construction of a youth-friendly regional core industry (robotics and drones) research town (total 25 billion won).

In the transportation and construction sector, the city selected ongoing projects including: △ construction of Daejeon Metro Line 2 tram (total 1.5069 trillion won), △ Phase 1 construction of the Chungcheong regional metropolitan railway (total 358.3 billion won), and △ the Oesam-to-Yuseong Transit Hub BRT line (total 170.4 billion won). The city plans to expedite completion of these projects to minimize disruption to residents and enhance public convenience.

Additionally, major projects aimed at promoting eco-friendly improvements and enhancing residents' quality of life include: △ (new) an energy self-sufficiency infrastructure project (total 23 billion won), △ (ongoing) the National Museum of Modern and Contemporary Art Daejeon branch construction (total 45.3 billion won), and △ (ongoing) the establishment of Daejeon Medical Center (total 222.1 billion won).

"I urge all efforts to identify national funding projects aligned with the central government's investment priorities — such as expanding national growth engines, locally driven growth, and strengthening social safety nets — as well as presidential election regional pledges, to open the era of 5 trillion won in central government funding for Daejeon in 2027," Mayor Lee said. "Bureau and division heads must clearly organize key issues and response strategies under their responsibility and make every effort to secure government budget allocations in a timely manner."

Related Video

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.