President Yoon Suk Yeol speaks during a proclamation ceremony to promote balanced regional development held in Busan on Thursday. [JOINT PRESS CORP] The government aims to lure companies to cities outside the greater Seoul area with strong tax incentives and administrative benefits. The goal is to lessen regional disparities in Korea by distributing the resources and job opportunities concentrated in the greater Seoul area, which encompasses the capital city and the surrounding Gyeonggi region.

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