Gimhae City Named Best Nationwide for 'Nadeulgage' Development... Secures 130 Million Won in National Funding

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gimhae City, Gyeongnam Province announced on the 17th that it has secured 100 million KRW in national funding after being selected in the '2020 Nadeul Store Leading Area Post-Support Project' contest hosted by the Ministry of SMEs and Startups and the Small Enterprise and Market Service.

Along with this, Gimhae was selected as the best institution among 13 participating local governments in the 2019 Nadeul Store Development Leading Area Support Project evaluation, securing an additional incentive of 30 million KRW. The city has received the highest evaluation for three consecutive years from 2017, when the project began, until last year.

Through the national funding secured from this contest and the incentive from being selected as the best institution, combined with city funds, the total project budget of 190 million KRW will be used to support Nadeul Stores by promoting ▲store management improvement ▲store owner capacity-building education ▲network establishment for organization and collaboration stabilization ▲post-management of model shop support stores ▲smart store operation.

Mayor Heo Seong-gon of Gimhae said, "We hope to help Nadeul Stores, which are struggling due to competition with large distribution companies, protect the declining neighborhood commercial districts, and contribute to revitalizing the local economy."

Nadeul Stores are neighborhood supermarkets fostered by the government, and a total of 102 Nadeul Stores are operating in Gimhae.

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