The 28th Presidential Senior Secretary Meeting, chaired by President Lee, focused on strategies for regional economic revitalization. The Economic Growth Office reported improvements in private consumption and service sector activity across all regions since the second half of 2025, with notable increases in local employment. Despite these positive trends, persistent structural imbalances between metropolitan and regional areas remain, prompting the need for multifaceted policy interventions. The meeting underscored the importance of addressing accumulated growth disparities and strengthening traditional industries.
The new measures target a broad spectrum of stakeholders, including local businesses, universities, and cultural sectors. Specific policies include regional commercial district innovation, construction sector stimulation, preferential public procurement for local companies, and workforce solutions for the shipbuilding industry. The AI Future Planning Office proposed regional R&D innovation, while the Social Affairs Office presented plans to nurture local universities and bridge cultural gaps. President Lee emphasized the need to examine funding disparities between Seoul National University and other regional national universities, seeking concrete strategies to foster regional academic hubs.
Implementation is set to begin in the second half of 2025, with ongoing evaluation and adjustment through 2026. The government will reference successful tourism activation models, such as those previously adopted in Japan, and utilize platforms like the National Tourism Strategy Meeting to promote regional cultural content. The administration encourages innovative ideas to further enhance regional tourism and cultural engagement, aiming for sustainable growth and balanced development. These efforts are expected to gradually reduce structural imbalances and foster vibrant local economies.
Frequently asked questions include: What are the main goals of the regional revitalization policies? The primary objectives are to stimulate local economies, reduce growth disparities, and strengthen traditional industries. How will local universities benefit? The government plans to increase financial support and develop regional academic hubs, addressing funding gaps between Seoul National University and other institutions. What actions are recommended for stakeholders? Local businesses, universities, and cultural organizations should engage with new programs, seek public procurement opportunities, and contribute innovative ideas for tourism and cultural content.
South Korea’s approach to regional economic revitalization is comprehensive and data-driven, addressing both immediate and structural challenges. The inclusion of targeted support for local industries, universities, and tourism reflects a nuanced understanding of regional needs. By referencing successful international models and prioritizing stakeholder engagement, the government increases the likelihood of sustainable and balanced growth. The ongoing evaluation and adaptation of policies through 2026 will be crucial for achieving measurable outcomes.