Gov't to support projects aimed at revitalizing regional economies: Finance Minister
  • 6 years ago
South Korea's finance chief has promised to mobilize every means possible to create jobs and boost regional economies struggling with slumping business.
Meeting on Tuesday with the administrative chiefs of nine regions in the emergency response zones,... Kim Dong-yeon said the government will support projects aimed at revitalizing regional economies and creating jobs,... without having to be tied to the existing policy framework.
In May, the government designated Ulsan , Geoje , Mokpo and several other regions as emergency response zones to receive special job support and tax incentives.
Some of the regions have higher unemployment rates than the national average,... contributing to the nation's worst job conditions since the global financial crisis.
Recommended