Yongin Special City Establishes 'Railroad Fund' with Corporate Local Income Tax Gains from Semiconductor Boom

Yongin Special City has confirmed 207 pledged projects for the 9th elected term and is beginning full-scale implementation.

The projects were consolidated and organized from 225 projects selected by the promotion planning group, with plans to disclose an implementation plan containing year-by-year plans and funding methods by the end of the year to citizens and promise implementation.

According to Yongin Special City on the 26th, the city held a '9th Elected Term Pledge Project Promotion Report Meeting' at the city hall video conference room on the 25th to conduct final reviews of pledge targets by department, promotion methods, anticipated issues, and solutions.

The 207 pledged projects were organized through two stages. The 'Yongin Renaissance 2.0 Promotion Planning Group,' which operated from June 15 to July 20, presented a list of 225 projects including special school establishment, support for AI-convergence arts high school establishment, and railroad construction fund establishment, and the city made adjustments during the first review. Eight similar and duplicate pledges, such as combining the remodeling of Dongbaek Library and Jukseon Library into one, were consolidated into four projects, and 14 projects that could be completed as one-time events or existing projects were reclassified as general projects.

The framework for core projects has also emerged. The railroad construction fund will use a portion of corporate local income tax expected to increase due to the semiconductor boom as its source, establish a basic plan this year, and begin accumulation from 2028 after enacting an ordinance next year.

In the education sector, the city will begin discussions with the education office regarding AI-convergence arts high school establishment linked to the relocation and reallocation of a middle school in the Giheung Station area and review of land for a new special school. Around the Idong public housing district and Idong reservoir, the city will proceed with feasibility study projects to create a complex cultural hub with performance, exhibition, and museum functions.

In the railroad sector, the city will prepare follow-up procedures for reflecting SRT Guseong Station establishment, Gyeonggi South Metropolitan Railroad, Gyeonggang Line extension, and Gyeonggi South East-West Transverse Line in the 5th National Railroad Network Construction Plan, and will work to secure a Yongin station building in line with the private sector feasibility review for the Central Region Metropolitan Express Railroad (JTX).

The city plans to prepare an implementation plan that specifies the confirmed pledges into project targets, year-by-year promotion plans, and funding securing methods, conduct citizen evaluation group evaluations and gather opinions, and disclose them on the city website by the end of this year.

Mayor Lee Sang-il stated, "Please accelerate projects that can be advanced, such as the establishment of special schools," and added, "Since considerable budget will be needed to properly implement the pledged projects, I ask that you manage the budget thoroughly and comprehensively." He continued, "The city council will begin full operations in September," and said, "Please actively communicate with the city council and prepare so that the pledged projects can proceed smoothly."