GWANGJU < invest Korea

On May 2, Gwangju City received the highest prize for swift financial execution and a KRW 50 million incentive from the Ministry of Public Administration and Security.

Evaluations showed that the city met 66%, or KRW 349.4 billion out of its initial job creation execution goal of KRW 529.7 billion. This is well above the Ministry of Public Administration and Security's first quarter target of 31%.

Gwangju City formed the "Rapid Execution Group" headed by the executive department, promptly handling administrative procedures such as activating down payment execution and shortening the contract examination and qualification examination periods.

Song Jae-sik, a budget policy officer for Gwangju, said, "The rapid execution of this first quarter is more meaningful because it was an evaluation of job creation projects. In the second quarter, we will continue to focus on projects that have a large economic impact, such as job creation and SOC projects."

kykoo1@newsis.com

Source Text

Source: Newsis (May 02, 2018)

** This article was translated from Korean.