Key facts
- President Lee Jae Myung stated that balanced regional development is critical for South Korea's survival and growth.
- He identified the extreme territorial imbalance, with overpopulation in the capital region and depopulation elsewhere, as a major challenge.
- The government's 'megaprojects' initiative aims to promote large-scale investments in semiconductor and AI facilities in regional areas.
- The president pledged government support for nurturing industries, creating jobs, and improving living conditions in regional areas.
- The meeting included discussions on cooperation between central and regional governments and proposals for regional growth strategies.
President Lee Jae Myung on Wednesday underscored the critical importance of balanced regional development for South Korea's survival and sustained growth, identifying the overpopulation of the capital region as a significant challenge.
Speaking at a central-regional government cooperation conference, Lee stated that the "extreme territorial imbalance" is the root of many of the nation's major problems, leading to subdued national efficiency and eroding competitiveness. He asserted that balanced development is no longer a matter of choice but a vital strategy for the country.