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Suwon Mayor Lee Jae-jun: "Build Suwon into Korea-style Silicon Valley, Create a City That Cutting-Edge Companies Seek"

Holds 2024 New Year Briefing and Announces Plans for Economic Revitalization, Business Attraction and Support"I will make every effort to adjust the tax rate imposed on companies in the Excessive Concentration Restriction Zone"
Suwon Mayor Lee Jae-jun holds a New Year briefing at the City Hall Conference Room on the 3rd. (Photo=Suwon City)
Suwon Mayor Lee Jae-jun holds a New Year briefing at the City Hall Conference Room on the 3rd. (Photo=Suwon City)

[Suwon Ilbo=Reporter Chung Jun-sung] Suwon Mayor Lee Jae-jun announced that "we will build a Korea-style Silicon Valley and transform Suwon into a city where cutting-edge companies seek to locate and into an advanced science city."

On the 3rd, at a New Year briefing held in the City Hall Conference Room, the mayor unveiled plans for economic revitalization and business attraction and support, and stressed that "the ultimate goal is to link Tapdong Innovation Valley, Suwon R&D; Science Park, Seoho and Gosaeok districts, and the former site of Suwon Military Airport relocation into an 'Economic Free Zone' in the West Suwon region."

Mayor Lee Jae-jun stated, "The Excessive Concentration Restriction Zone regulations are not suppressing 'overcrowding' in the capital region but rather suppressing 'growth,'" and continued, "Relaxation of Excessive Concentration Restriction Zone regulations will become a foundation for eliminating reverse discrimination and enhancing national competitiveness. I will make every effort to ensure that the tax rate imposed on companies in the Excessive Concentration Restriction Zone is readjusted, and further that the Capital Region Readjustment Planning Act is reasonably revised."

The mayor stated, "This year as well, I will devote all efforts to economic revitalization and business attraction and support," and presented economic revitalization measures including △comprehensive efforts to relax Excessive Concentration Restriction Zone regulations △West Suwon development △three major alleyway new deals △Suwon Business New Light Fund △SME partnership support projects.

The three major alleyway new deals expand the Suwon New Light Care Project to all districts and promote projects such as the 'New Light House Repair Project' and 'Handbag Garden Creation Project' to revitalize the alleyway economy.

Mayor Lee holds a New Year briefing and announces plans for economic revitalization and business attraction and support. (Photo=Suwon City)
Mayor Lee holds a New Year briefing and announces plans for economic revitalization and business attraction and support. (Photo=Suwon City)

Subsequently, Mayor Lee Jae-jun again proposed to Hwaseong City and its citizens to establish the 'Gyeonggi International Airport Public Deliberation Committee,' a citizen communication and consensus-building body for the construction of Gyeonggi International Airport.

The mayor stated, "The establishment of the public deliberation committee will become an opportunity for Hwaseong City and Suwon City to restore trust and resolve conflicts," and added, "I will approach dialogue with a spirit of empathy, thinking of Hwaseong City's position first."

He also said, "Over the past one year and six months, we have diligently planned and prepared to create an 'Economic Special City' and a 'New Suwon,'" and concluded, "2024 will be a year in which we execute what we have prepared without disruption, work together with citizens, and achieve results."

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