Vice Prime Minister and Minister of Strategy and Finance Choi Sang-mok said on the 18th, "We will support the commencement of construction and actual investment for 7 projects with a scale of about 9.3 trillion won next year."
On this day, Vice Prime Minister Choi noted this at the economic ministers' meeting and investment activation ministers' meeting held at the Government Complex Seoul in Gwanghwamun, Seoul, stating, "We will actively support our corporations to continue their investment activities without wavering."
Vice Prime Minister Choi said, "The Yongsan system semiconductor national industrial complex plans to approve the industrial complex plan, which was initially aimed for the first quarter of next year, within this year through procedural shortening," and "To support the rapid construction of the Tongyeong complex marine tourism complex, we will transfer the authority to lift the designation of the fishery resource protection zone to local governments."
He added, "To develop hotels and resorts within the Goseong Songjiho tourist site, we will transfer the government-funded facilities, such as the sports park located on the site, to nearby areas."
Vice Prime Minister Choi also said, "We will further strive to establish an investment-friendly institutional foundation," noting, "The current environmental impact assessment, which exists in only one type, will be conducted in three types—swift, general, and in-depth—depending on the degree of impact."
He stated, "We will promote the pilot project for trackless trams as a new means of transportation and prepare legal grounds through regulatory sandbox," and "We will revamp the regional balanced development index, which is the support basis for local investment promotion subsidies, to reflect actual investment conditions such as the industrial base."
Furthermore, he mentioned, "We will reform the transportation facility support system so that traffic infrastructure reflecting the demand and characteristics of local governments can be smoothly built nationwide," adding, "For railways, a new construction type for semi-high-speed rail will be established to respond to various demands, and the funding for railway underground investment will also be diversified."
He further remarked, "We will support corporations and local governments to continue their investment activities as initially planned by implementing the measures prepared today without a hitch," adding, "We will quickly prepare supplementary measures for construction investment, including ways to rationalize public construction costs."