Gyeonggi-do Announces Village Enterprise Contest... Up to 50 Million KRW Support

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is launching a call for village enterprises.

A village enterprise refers to a profit-making business operated by local residents utilizing the resources of the village. It has the advantage of effectively realizing the benefits of the local community, such as solving regional problems and creating income and jobs.

If selected as a village enterprise, you can receive various support benefits, including up to 50 million KRW in project funding, as well as opportunities to participate in management support projects such as market access support, promotion, and consultation.

Applicants must be corporations located in the province as of the application date and have completed pre-establishment education for village enterprises.

The four major requirements for village enterprises?▲ community spirit, ▲ public interest, ▲ entrepreneurship, and ▲ locality?must be met, and an appropriate business plan must be established accordingly.

Corporations wishing to participate in the project can apply by visiting the Gyeonggi Provincial Government website (www.gg.go.kr/).

Gyeonggi Province will recommend candidates to the Ministry of the Interior and Safety after on-site investigations, eligibility reviews, and the first screening by the screening committee. The Ministry of the Interior and Safety will conduct the final screening and select the village enterprises by February next year.

There are currently 197 village enterprises and 45 preliminary village enterprises in the province, totaling 242.

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