Assemblyman Lee Byung-hoon: "Gwangju Namgwangju Market and Chodae Rose Street Selected for Ministry of SMEs and Startups Project"

Secured up to 1 Billion KRW for the 'Cultural Tourism Specialized Market Development Project'

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Congressman Lee Byung-hoon (Democratic Party of Korea·Gwangju Dongnam-gu Eul) announced on the 15th that Namgwangju Market in Dong-gu, Gwangju Metropolitan City, and Jangmi Street of Chosun University have been selected for the Ministry of SMEs and Startups' ‘Cultural Tourism Specialized Market Development Project.’

The ‘Cultural Tourism Specialized Market Development Project’ is a part of the ‘2021 Traditional Market and Shopping District Revitalization Project’ led by the Ministry of SMEs and Startups, which focuses on fostering the unique characteristics and strengths of markets by linking local cultural and tourism resources.

Namgwangju Market, one of Gwangju’s representative traditional markets, and Jangmi Street of Chosun University, which has the characteristics of a university commercial district, are expected to develop into specialized markets by receiving up to 1 billion KRW in national and local government funding over two years starting next year through this project selection.

Namgwangju Market will improve its infrastructure by installing a cultural market performance stage, redesigning passageways, and enhancing the environment, while also promoting non-face-to-face commerce and advancing service sophistication.

Jangmi Street of Chosun University will engage in developing a cooperative business model, operating a memory museum linked with Chosun University, creating workspaces and sales stores for prospective entrepreneurs, and establishing a street filled with nostalgic elements.

Congressman Lee said, “Namgwangju Market and Jangmi Street of Chosun University will grow into cultural tourism specialized markets linked with the Asia Culture Center, Art Street, and Yangnim-dong Historical and Cultural Village,” adding, “I will also devote efforts to securing budgets to strengthen the competitiveness of other traditional markets and shopping districts in the region.”

Meanwhile, Congressman Lee Byung-hoon pledged during the general election last April to foster traditional markets and revitalize local commercial districts, and proposed the Small Business Act to establish government support for building online platforms tailored to regional characteristics. He has been working to secure budgets through the Ministry of SMEs and Startups and the Small Enterprise and Market Service.

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