[Photo] Opening of Youth Startup Incubating Space 'Changdong Start Lab'

Creation of 'Changdong Start-Lab' youth startup incubating space under the east side of Changdong Station... Public recruitment of young (pre)entrepreneurs in June, currently housing 3 companies with benefits including space rental, tailored consulting, startup education, public operating costs, and networking among residents

Lee Dong-jin, Dobong-gu Mayor (seventh from the left), held a ribbon-cutting ceremony to commemorate the opening of 'Changdong Start-up Lab' with the resident young entrepreneurs and guests.

[Asia Economy Reporter Jongil Park] Dobong-gu (Mayor Dongjin Lee) has established a youth startup incubating space called ‘Changdong Start-Lab’ under the east side of Changdong Station, and held an opening ceremony on the 14th.

‘Changdong Start-Lab’ is a compound word of START (startup) and LAB (laboratory). It signifies a space where Dobong-gu youth collaborate and research to challenge themselves for future development through entrepreneurship.

With a total floor area of 69㎡, it consists of a shared office space (42㎡) for youth work and a workshop (27㎡) where various products can be made. In June, youth (preliminary) entrepreneurs were publicly recruited, and currently three companies have moved in.

Resident companies receive various benefits such as ▲space rental ▲customized consulting and startup education ▲public operating expenses ▲networking among residents to help their entrepreneurial challenges bear fruit as new jobs.

The event was attended by about 20 people including district office officials and young entrepreneurs, starting with a congratulatory performance by Dobong youth musicians, followed by a ribbon-cutting ceremony, facility tour, and demonstration of silver handicraft products.

In addition, the event was conducted in compliance with government quarantine guidelines by installing a COVID-19 facial recognition fever check device, masks, hand sanitizers, and implementing socially distanced seating.

Dongjin Lee, Mayor of Dobong-gu, stated, “As we have created a youth startup incubating space to expand the base of the youth startup ecosystem in Dobong-gu, I hope ‘Changdong Start-Lab’ will establish itself as a space where young people can realize and advance their entrepreneurial dreams.”

Dobong-gu Mayor Lee Dong-jin held a necklace-making experience and a meeting with resident young adults at the Silver Jewelry Workshop in Changdong Start-up Lab.

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