Daejeon City’s debt has significantly increased during Mayor Lee Jang-woo’s first term, sparking controversy. Alongside the city’s overall rising debt, the debt ratio of the Daejeon Urban Corporation, responsible for city development projects, has nearly doubled in just one year, increasing by 1.8 times. This surge in liabilities raises concerns about the financial health of the corporation and the city’s ability to manage its growing debt burden. Details emerged from reports by Yonhap News, indicating a substantial increase in financial obligations. The situation is prompting scrutiny of the city’s financial management practices and the impact of ongoing development initiatives. Further investigation is expected to determine the specific factors contributing to the rapid debt accumulation and potential implications for future city projects.