Lee stresses need for balanced regional development

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SEOUL, Dec. 5 (Yonhap) — President Lee Jae Myung on Friday highlighted the necessity for balanced regional growth as a “survival technique” for South Korea, saying growth concentrated within the capital has undermined broader nationwide progress.

Lee made the remarks throughout a city corridor assembly in Cheonan, 90 kilometers south of Seoul, noting the significance of regional hubs for progress and growth.

“Balanced regional progress is essential as a technique for survival for the Republic of Korea,” Lee stated, utilizing South Korea’s official identify. “Focus within the broader capital space has develop into a consider severely undermining nationwide progress and growth.”

“If focus within the capital deepens, it’s going to develop into unattainable not just for progress and growth, but in addition sustaining the established order.”

Lee additionally voiced frustration at excessive housing costs within the capital and close by areas, blaming structural issues that can not be simply resolved with coverage measures.

He referred to as for continued efforts to swiftly relocate authorities companies to areas outdoors the capital and constructing an administrative capital.

Lee blamed political conflicts of curiosity as a serious impediment in regional growth, floating the concept of integration efforts between South Chungcheong Province and the central metropolis of Daejeon.