Public power’New Busan Vision Project’ announced
Let’s connect Gadeokdo to the air, sea, ground, and sea
Promote special law designated as Busan Special Economic and Financial Zone
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On the 1st, Kim Jong-in, chairman of the People’s Strength Emergency Response Committee, announced on the 1st that he was actively supporting the’Gadeokdo New Airport’ project. Furthermore, it proposed a’New Busan Vision Project’ that connects Gadeokdo and the Korea-Japan submarine tunnel and designates a special economic and financial zone in Busan.
Chairman Kim held a non-committee meeting at the Busan City Hall on that day and said, “The power of the people will actively support the construction of the new airport on Gadeok Island, and we will endeavor to deal with the Special Act on the Construction of the New Airport on Gadeok Island under the agreement of the opposition parties.” He added, “The construction of the new airport on Gadeokdo Island will bring enormous employment effects and economic ripple effects,” he said. “We will actively support the construction of a new airport in connection with the hosting of the World Expo, which will lead to a rebound in Busan.”
Chairman Kim said on the day, “We will announce the’New Busan Vision Project’ that will allow Busan to fly again,” and “We will actively consider the construction of a Korean-Japanese submarine tunnel connecting Gadeok Island and Kyushu, Japan.”
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Chairman Kim commented on the Korea-Japan submarine tunnel project, “According to the research, economic effects of 54,500 billion won in production and 450,000 people in employment are expected with much less fiscal burden than Japan.” “Logistics linking China, Eurasia and Japan As a direct connection, we will increase the economic and strategic values of Busan.” Furthermore, he added, “We will closely connect the railroads and highways, and will connect the inland railroads between the two Koreas to Gadeokdo Island, and promote the construction of the Busan New Port-Gimhae Port Expressway and the Sasang-Haeundae Expressway.”
In addition, he proposed to promote a special law’Designation of Busan Special Economic and Financial Zone’, saying, “We will lay a foothold so that Busan can leap forward as a future financial city in Asia.”
Chairman Kim said, “We will transform Busan into an Asian future financial city.” “The power of the people is to take advantage of (Busan’s) designated as a free block chain regulatory free zone to build a foothold to take a leap forward to an Asian future financial city beyond Post Hong Kong. I will prepare it.”
“For ten years after moving in, we will provide certain incentives, such as exempting corporate tax and expanding labor-related special cases for ten-year residents.” “We moved policy financial institutions such as Korea Development Bank (to Busan) to become a special financial district in the name and reality. I will have it.”
/ Reporter Kim Hye-rin [email protected]
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