[Gyeonggi] Launched in Hwaseong Special City with a population of 1.03 million... "Including investment of 12 trillion won"

Hwaseong City, with a population of 1.03 million, has officially been launched as a special city with administrative and financial authority at the metropolitan level.

explained that since its promotion to the city in 2001, it has grown into a high-tech industrial city with 20,000 companies, including Samsung Electronics and Hyundai-Kia Motors, and has attracted 12.4 trillion won in investment in the 8th popular election.

Hwaseong Mayor Chung Myung-geun said, "We will focus our efforts on attracting future industries to develop from a population of 1 million to 2 million megacities."The city of

added that it currently ranks first in gross regional product (GRDP) in the country, first in fiscal independence, and first in the Korea Local Autonomy Competitiveness Index for eight consecutive years.