An Underrated all-time Tax Scam Case...jpg

"Let's Revive Daegu's Textile Industry - 1990s Milano Project. Since way back, Daegu had a reputation as a city with lots of 'beauties,' and this was closely connected to the development of the textile industry. It meant there were many women wearing stylish clothes. But as time passed, the textile industry began to decline"

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2.1. Progress Status

In Phase 1, from 1998 to 2003, a massive 680 billion won (national budget 376 billion won, local budget 51.5 billion won, private investment 261.5 billion won) in taxpayer money was poured into projects to revive the textile industry.

Phase 2 was carried out from 2004 to 2006 with 198 billion won in taxpayer money invested.

Phase 3 was launched from 2008 onwards. A budget of 40 billion won was allocated.

Daegu's Sister Cities

Daegu has formed sister city relationships with various cities in different countries around the world, and mutually

> Italy Milan (Milan) Italy's second largest city and transportation hub) City of alcohol ● Population 1.66 million · Established December 14, 1998

3. Results

In 2005, the Board of Audit and Inspection notified on the 31st of last month that regarding the Fashion Apparel Valley project—the core of the so-called 'Milan Project' that Daegu City had been pushing forward for textile industry promotion—they should "carefully analyze the feasibility and comprehensively reexamine whether to proceed with the project." As of the end of August 2004, five years after the project started, the progress rate was only 18%.

The Korea Development Institute (KDI) and Industrial Research Institute evaluated in their 'Assessment of Four Major Regional Revitalization Projects and Research on Basic Directions for Follow-up Projects' that "the project to create a Fashion Apparel Valley has very low feasibility." They pointed out that there were too few sewing factories in the Daegu region, making it impossible not only to attract foreign companies but also to attract domestic non-Daegu companies.

And due to various misconduct, funds got embezzled, the mayor got arrested, and plans to attract large corporations ended up failing.

Eventually, Daegu's population started falling behind Incheon, and the city fell to the rank of the 4th largest city in the country. The only thing we managed to save was the textile industrial complex, Asia Polis. Asia Polis is home to the Korean Fiber Development Research Institute, Dyetex Research Institute, and the Korean Fashion Industry Research Institute, but since the 2010s, it's been criticized for budget shortages and poor management.

Daegu - Milan Sister City Relationship for 15 Years... Turns Out It Was One-Sided

Kim Sung-soo | Input 2013-01-08 07:53 | Modified 2013-01-08 17:25 | Published 2013-01-08 Page 1

Milan Side Strongly Denies... Difference in Interpretation of Joint Declaration at the Time, Only Daegu Promoted as "Sister City"

Italian city of Milan, which had been known as a sister city of Daegu through the "Milano Project" (plan to foster Daegu-Gyeongbuk textile industry), has shocked everyone by stating "Daegu is not our sister city."

On the 7th, Daegu announced: "In December 2011, when we inquired with Milan about maintaining sister city relations as part of a check-up on sister and friendly cities, we received a notification from Milan that they did not receive parliamentary approval, and that Daegu is not a sister city of Milan."