The Gyedan District of Incheon City inherited local bonds worth 26.3 billion won upon its establishment. These local bonds were issued to raise funds for projects in the Gyedan area during the former West District era, and principal repayment and interest burdens occur annually. The Gyedan District currently pays an annual rent of 2.3 billion won for its temporary office building, and it is estimated that approximately 200 billion won will be needed to build a new office building. The Gyedan District is facing difficulties in securing essential expenses since its establishment and is working to restore financial soundness through efforts such as securing government subsidies.
