Gwangsan-gu, Gwangju 'Alley Market Black Friday' Contest

Applications open until the 18th... Up to 10 million KRW support per project

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangsan-gu, Gwangju Metropolitan City (Mayor Kim Samho) announced on the 12th that it will hold a contest for the ‘Golmok Sangkwon Black Friday’ to overcome COVID-19 and promote consumption in local alleyway markets.

This contest project was promoted to resolve the prolonged consumption slump and to create an opportunity to revitalize the local economy by combining voluntary discounts and events by economic communities such as merchant associations in alleyway markets with consumption and cultural events.

Participants in the contest can engage in projects aimed at overcoming the economic crisis caused by the impact of COVID-19, such as improving hygiene in alleyway markets, producing discount participation maps, practicing good consumption campaigns, and creating and promoting joint discount product menus.

Eligible applicants are communities active inside and outside alleyway markets, such as merchant groups in alleyway markets, residents interested in alleyway markets, social organizations, and groups of five or more merchants.

Applications can be submitted by downloading the application form and business plan posted in the ‘Notices and Announcements’ section on the Gwangsan-gu website by the 18th, filling them out, and then visiting and submitting them along with the required documents to the Gwangsan-gu Corporate Economy Division.

The submitted contest projects will be reviewed in writing within this month, and about 16 projects will be selected, with up to 10 million KRW supported per project.

However, selected organizations must bear at least 5% of the support fund as their own contribution.

A Gwangsan-gu official stated, “For organizations with little experience in contest projects, we will provide separate accounting education for selected organizations and also produce and distribute manuals.”

Inquiries about the contest can be made at the Gwangsan-gu Corporate Economy Division.

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