Kim Kyung-soo, former chairman of the Presidential Committee on Balanced National Development, speaks at the inaugural meeting of the Democratic Party of Korea's Special Committee for Support of the Three Mega-Projects at the National Assembly on Friday, in his capacity as the committee's vice chairman. At left is Han Byung-do, acting Democratic Party leader and floor leader, who chairs the committee. [Yonhap]
Kim Kyung-soo, former chairman of the Presidential Committee on Balanced National Development, speaks at the inaugural meeting of the Democratic Party of Korea's Special Committee for Support of the Three Mega-Projects at the National Assembly on Friday, in his capacity as the committee's vice chairman. At left is Han Byung-do, acting Democratic Party leader and floor leader, who chairs the committee. [Yonhap]

The Democratic Party of Korea held the inaugural meeting of its Special Committee for Support of the Three Mega-Projects on Friday, pledging to "boldly dismantle regulations that are holding the mega-projects back and activate a tailored legislative framework to accelerate their implementation."

Han Byung-do, the Democratic Party's acting leader and floor leader who chairs the committee, said at the launch ceremony at the National Assembly that "the three mega-projects represent a national decision to secure South Korea's leadership in future industries at a time when the global industrial map is being redrawn."

Han said the Democratic Party would "open the next 100 years of South Korea together with the capable Lee Jae Myung administration," adding that the party and government "share the resolve to move swiftly on this project, which will mark a turning point in building a future industrial ecosystem and achieving balanced national development."

Kim Kyung-soo, former South Gyeongsang Province governor and the committee's vice chairman, said the three mega-projects build on the policy continuity and foundations laid by Democratic Party governments through their consistent pursuit of informatization, IT venture development, regional balanced development, the Digital New Deal, and renewable energy expansion. He added that "what we must do now for the success of this project is to quickly put in place the conditions that companies need to invest in the future."


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