Seoul City Living Commercial Area-Based Project Contest... Gwanak-gu Daehak-dong and Haengun-dong Selected

Achieving the highest support among autonomous districts with 3 areas including 1st phase development site Nangok-dong... 70 million KRW support per site, various projects providing resident convenience services 추진

[Asia Economy Reporter Park Jong-il] Gwanak-gu (Mayor Park Jun-hee) announced that Daehak-dong and Haengun-dong have been selected through the Seoul Metropolitan Government’s ‘Living Commercial Area Phase 2 Foundation Project’ contest, making a total of three areas, including Nangok-dong, which was selected as a Living Commercial Area Phase 1 development site, the district with the most supported areas.

The Living Commercial Area project aims to revitalize alleyway commercial districts by providing services that local residents actually need, thereby inducing consumption within the area. The foundation project is a preliminary verification stage that evaluates the capability of each candidate site to select the final target areas.

The district discovered commercial areas around Daehak-dong and Haengun-dong, applied for and was selected for the Living Commercial Area foundation project. Seoul selected a total of 15 sites, including two in Gwanak-gu, as foundation project target sites, and will finally select 10 of these as development project target sites.

Each target site must carry out various tasks to provide convenient services for residents over approximately five months until February next year, centered on a promotion committee composed of local residents, merchants, and community activists. These tasks include ▲local resident demand surveys ▲operation of community stores ▲formulation of plans to revitalize the living commercial area.

A project budget of 70 million KRW per site will be supported, and after the foundation project ends, the final development project target sites will be selected based on the promotion results. Selected sites are expected to receive up to 3 billion KRW per site over three years.

Meanwhile, in June, Nangok-dong was finally selected as a Living Commercial Area Phase 1 development project site, and 3 billion KRW will be invested over three years until 2022 to revitalize the alleyway commercial district.

Mayor Park Jun-hee said, “I hope this project will provide even a little support to alleyway commercial districts struggling due to COVID-19,” and added, “We will do our best to discover many living commercial areas within the region to revitalize the local economy, which is the biggest pledge of the 7th elected administration.”

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