Gwangju Dong-gu Holds Agreement Ceremony for Startup Support Youth Settlement Project

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Dong-gu, Gwangju Metropolitan City (Mayor Im Taek) announced on the 27th that it held an agreement ceremony with prospective young entrepreneurs participating in the ‘Vacant House Youth Startup Filling Project.’

This project, launched for the first time this year, aims to encourage young people to settle in the region by supporting youth startups that can coexist with the village, utilizing vacant houses or empty stores in the Gyerim 1-dong 1~2 district.

Last month, Dong-gu preliminarily selected 10 teams of prospective young entrepreneurs with passion and ideas for startups, and held an agreement ceremony on this day with 5 teams of prospective young entrepreneurs who completed the matching process with vacant houses and empty stores suitable for their startup items.

The young entrepreneurs will showcase their startup items starting in June after about a month of preparation including space remodeling and product development, such as ▲accessory production using Hanok waste materials and leather scraps ▲art product creation linked with artist residences ▲gallery rental and art exhibition planning ▲signature dessert cafe ▲cafe with cocktails.

Selected young entrepreneurs will receive up to 12.6 million KRW as initial startup funds covering rent, material costs, and product development expenses, along with continuous customized education and consulting.

Additionally, Dong-gu plans to develop this area into a community platform where residents and youth can come together through collaboration with the Ministry of Land, Infrastructure and Transport’s small-scale regeneration project ‘Mudeung-ro 333 Renovation’ being promoted around Gyerim 1-dong Pureungil Park.

Mayor Im Taek of Dong-gu said, “Starting a business is difficult alone, but with neighbors who work together, the initial challenges can be wisely overcome,” and added, “I hope the passion and challenge of young people for startups will lead to settlement in the village, becoming an opportunity for the village and residents to grow together.”

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