Total Project Cost: 357.9 Billion Won
"Foundation Laid for Future Progress"
Shin Junghoon, Democratic Party of Korea lawmaker.
Shin Junghoon, a Democratic Party of Korea lawmaker representing Naju and Hwasun in South Jeolla Province and the Chairman of the National Assembly’s Public Administration and Security Committee, stated on the 21st, “I welcome the final approval of the preliminary feasibility study for the Hwasun abandoned mine area economic development project.”
With the approval of this preliminary feasibility study, Hwasun will secure a new growth engine for the region through the creation of a bio and food-based agro-industrial complex, as well as a smart farm complex development project, with a total project cost of 357.9 billion won.
Assemblyman Shin emphasized, “It is highly significant that Hwasun, which has faced difficulties due to the collapse of its industrial base following mine closures and population outflow, will now be able to overcome the risk of regional extinction and lay the foundation for future progress through this project. Going forward, it will provide quality jobs and future opportunities for young people and bring high value-added industries and vitality to the region.”
He also added, “During the implementation process, I will do my utmost to promptly secure national funding and address other pending issues so that the hopes and aspirations of local residents can be fully realized without setbacks. I will ensure that Hwasun’s future growth engine takes firm root and will carefully support the revitalization of the local economy and balanced national development.”
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