Yeongdeungpo-gu Allocates 922.8 Billion Won Budget for 2025... 10.4 Billion Won for Fostering Creative Science Talent

Increase of 29.3 billion KRW for 2024... General Account 896 billion KRW, Special Account 26.8 billion KRW
Prioritizing voices of Yeongdeungpo residents from all walks of life... Realizing Yeongdeungpo as a city of hope, happiness, and future created by residents
Final budget approval after Yeongdeungpo District Council review on December 18

Yeongdeungpo-gu (District Mayor Choi Ho-kwon) announced that it has prepared the 2025 budget proposal totaling 922.8 billion KRW and submitted it to the district council.

This amount represents an increase of 29.3 billion KRW (3.3%) compared to the previous year and consists of 896 billion KRW in the general account and 26.8 billion KRW in the special account. The general account revenue for 2025 increased by 26 billion KRW from the previous year, but due to rising basic expenses such as personnel costs, the actual available resources have decreased.

Amid these financial difficulties, the district boldly reduced or abolished unnecessary projects and prioritized core projects that residents can feel directly, concentrating resources accordingly. In particular, the budget proposal actively reflects residents' opinions gathered through the ‘Visiting Communication Meetings’ held across various sectors and groups this year, strengthening resident-centered policy implementation.

The 2025 budget proposal was prepared with a focus on three areas aiming to realize ‘Yeongdeungpo, a hopeful, happy, and future city made together with residents.’

The main areas are divided into ▲‘Hope Budget’ for Yeongdeungpo as a warm companion city for neighbors in need ▲‘Happiness Budget’ for a healthy and healing Yeongdeungpo ▲‘Future Budget’ for a young city Yeongdeungpo, with tailored projects pursued in each area.

First, the ‘Hope Budget’ allocates 334.3 billion KRW to accelerate warm companionship with neighbors in need. It assigns 226.8 billion KRW to build a social safety net for stabilizing the livelihoods of low-income groups and 48.1 billion KRW to create a child-friendly city by expanding support for infertility treatment costs for couples. Additionally, 59.5 billion KRW is budgeted to spread veterans’ culture in daily life and realize welfare enjoyed by all generations through senior centers operation and support for activities of persons with disabilities.

The ‘Happiness Budget’ allocates 38.8 billion KRW to realize ‘Yeongdeungpo, a city rich in life’ by promoting green spaces, culture, and safety. The district invests 14.6 billion KRW in sustainable green space maintenance and leading garden leisure culture, 9.4 billion KRW to discover representative local festivals such as the Seonyudo Garden Festival and to activate generation-tailored community sports, and 14.8 billion KRW to protect residents’ safety from various disasters and accidents.

Lastly, the ‘Future Budget’ focuses 34.1 billion KRW on realizing ‘Young City Yeongdeungpo’ by fostering scientific talents and revitalizing youth policies. It allocates 10.4 billion KRW to nurture creative scientific talents leading the 4th industrial revolution, 2.7 billion KRW for practical youth support policies, and 21 billion KRW to expand public infrastructure for a resident-friendly future city.

The 2025 budget proposal will be finalized on December 18 after review by the Yeongdeungpo District Council.

Choi Ho-kwon, Mayor of Yeongdeungpo-gu, stated, “Despite difficult financial conditions, we have carefully reflected residents’ valuable opinions to establish a budget that creates changes residents can directly feel. Going forward, to realize a hopeful, happy, and future Yeongdeungpo, we will continue to listen to voices from the field at the lowest level and implement policies that prioritize residents’ interests.”