Recruitment for Yongsan Electronics Market Urban Regeneration Resident Participation Project

Yongsan-gu Y-Valley Urban Regeneration Resident (Merchant) Contest Project... 3 Categories: General, Planning, Facility Improvement... Support of 3 Million to 30 Million KRW per Case... Consulting at Y-Valley Urban Regeneration Field Support Center... Advance Reservation Required

[Asia Economy Reporter Park Jong-il] “Through the urban regeneration contest project, we developed an educational typing practice device that produces sound, allowing visually impaired people to practice typing on a keyboard without a computer. We also donated prototypes to the former Disabled Welfare Organizations Council to promote the Yongsan Electronics Market urban regeneration project. I hope the urban regeneration project becomes widely known so that many people visit the electronics market.”

This is a statement from Park Kyung-seok, CEO of Util Electronics, who created the ‘Y-Valley Digital Making Computer Typing Practice Device,’ selected as an excellent case in last year’s Y-Valley urban regeneration contest project.

Yongsan District Office (Mayor Seong Jang-hyun) is implementing the ‘2020 Yongsan Electronics Market Area Urban Regeneration Resident (Merchant) Contest Project’ to increase residents’ (merchants’) understanding and participation in urban regeneration.

The contest categories are General (project discovery and execution), Planning, and Facility Improvement.

The General category involves planning and operating resident and merchant capacity-building programs. Project discovery is supported up to KRW 3 million per case, and execution up to KRW 5 million per case.

The Planning category allows applications related to regional revitalization, Y-Valley promotion, creation of symbols, job creation, etc. Support is up to KRW 10 million per case.

The Facility Improvement category concerns improving the external appearance and performance of Yongsan Electronics Market, with support up to KRW 30 million per case.

For the General and Planning categories, at least three residents based in the project area (business owners, employees, residents) must apply together. The project cost self-contribution rate is at least 10%. For the Facility Improvement category, the market facility management entity applies and must self-contribute at least 30% of the subsidy.

During the same period, those who have received (or are scheduled to receive) city or district subsidies for similar projects, projects unrelated to Yongsan Electronics Market urban regeneration, projects lacking public interest, or projects primarily for missionary or commercial activities are excluded from applying.

Those wishing to participate can visit the Y-Valley Urban Regeneration Field Support Center (Wonhyo Electronics Market Building 6, 3rd floor) from March 9 to 16 by 6 p.m. to submit group introduction letters, project applications, etc. Applications can also be submitted via email (hyunju@yongsan.go.kr) or mail (Urban Planning Division, Yongsan District Office, 150 Noksapyeong-daero, Yongsan-gu, Seoul).

The district office also provides consulting for the contest projects. Those needing help with proposal writing can make a reservation and visit the Y-Valley Urban Regeneration Field Support Center.

Afterward, the district will finalize support recipients in April through document screening, final selection committee, and subsidy review committee. The full-scale projects will run from May to November.

Mayor Seong Jang-hyun of Yongsan District said, “We are conducting a resident (merchant) contest project to revitalize the electronics market and look forward to active participation from interested parties.”

Last year, 13 projects were carried out through the Y-Valley area resident (merchant) contest, including ▲Virtual Virtual Reality ▲Seonin Market Computer Story Popup Cafe ▲Yongsan Electronics Market Smart Streetlight Planning ▲Wonhyo Electronics Market Entrance Plaza Facility Improvement ▲Yongsan Electronics Market Urban Regeneration Character Promotion, among others.

For inquiries, contact Yongsan District Urban Planning Division (☎2199-7395) or Y-Valley Urban Regeneration Field Support Center (☎2199-6188)

This content was produced with the assistance of AI translation services.