North Gyeongsang Province makes an all-out push to secure central government funding as one team

【Financial News | Andong = Reporter Kim Jang-wook】 North Gyeongsang Province is drawing attention with its decision to join forces as one team with local National Assembly members and 22 cities and counties to make an all-out push to secure central government funding.
According to the province, the North Gyeongsang Province Central Government Funding Camp, bringing together local National Assembly members and 22 cities and counties, held a signboard-unveiling ceremony and began full-scale operations to secure the 2027 national investment budget.
The province will seek funding primarily for infrastructure (SOC) projects that have passed preliminary feasibility studies, including construction of the Daegu Metropolitan Railroad (Seodaegu Station–Uiseong County) and an expressway crossing Yeongil Bay.
On the 11th, the province held a signboard-unveiling ceremony for the North Gyeongsang Province Central Government Funding Camp at the office of National Assembly member Song Eon-seok (People Power Party, Gimcheon), a member of the Special Committee on Budget and Accounts of the National Assembly of the Republic of Korea, in the National Assembly Members' Office Building.
Governor Lee Cheol-woo said, “We have closely aligned the government’s policy direction, including its three mega-projects and the creation of a Future Growth Response Fund, with the province’s new growth strategy. Rather than focusing on sheer spending, we have carefully built the case for securing central government funding for efficient projects geared toward future growth.”
He stressed, “We will work closely with local political leaders and central government agencies so that key budget items that support the government’s policy direction, stabilize people’s livelihoods and usher in a genuine era for local regions are reflected as fully as possible during National Assembly deliberations.”
In line with the government’s “South Korea’s 3 Mega Projects,” the province plans to work with local National Assembly members and 22 cities and counties to ensure that new growth engine projects in physical AI (robotics and manufacturing AI) and semiconductors, as well as region-specific projects, are included in the final budget proposal.
The Central Government Funding Camp will operate until the government’s budget proposal passes the National Assembly’s plenary session. Its responsibilities include providing materials to standing committees and the Special Committee on Budget and Accounts, responding to budget reviews, explaining key projects and supporting visits to the National Assembly by the province, cities and counties.
Earlier, on September 8, the province held the People Power Party–North Gyeongsang Province Budget Policy Consultation Meeting (hereafter, the consultation meeting) at the National Assembly Members’ Office Building. Ahead of National Assembly deliberations on the 2027 government budget proposal, participants shared key issues and discussed strategies for securing central government funding.
The province decided to make an all-out push to secure central government funding, focusing on five areas: strengthening the competitiveness of advanced industries; globalizing food, agriculture, forestry and fisheries; culture and tourism industries led by K-culture; building dependable welfare, health and safety nets; and developing an innovative, growth-oriented transport network.

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