Seoul Gangseo-gu, Five Public-Private-Academic Institutions Sign Regional Council Business Agreement

Policy Development to Strengthen Small Business Competitiveness and Revitalize Local Economy

[Asia Economy Reporter Jong-il Park] Gangseo-gu, Seoul (District Mayor Noh Hyun-song) signed a business agreement for a public-private-academic regional council to revitalize the local economy with representatives of local economic-related organizations.

This agreement was made to establish a permanent cooperation system among economic entities in Gangseo-gu to strengthen the competitiveness of local small business owners struggling due to COVID-19 and to revitalize the local economy.

Centered on Gangseo-gu Office (public), Seoul Chamber of Commerce Gangseo-gu Chamber (private, President Kim Byung-hee), Woori Bank (public, Head of Woori Bank SME Group Seo Dong-rip), Seoul Credit Guarantee Foundation (public, Chairman Han Jong-kwan), and KC University (academic, President Lee Gil-hyung) joined forces.

These are institutions within the region that can create practical effects for revitalizing the local economy through cooperation.

The Gangseo-gu 'Public-Private-Academic Regional Council' formed through this agreement will mutually cooperate for purposes such as ▲creating a vibrant economy where all prosper together ▲seeking solutions to management difficulties of small business owners and cooperating in startup and employment support ▲cooperating on comprehensive support projects for small business owners and establishing field-oriented governance ▲policy research and development.

The Gangseo-gu Chamber of Commerce listens to the voices from the field of local companies (small enterprises, small business owners, etc.) and delivers them to the district office, which then establishes effective policies reflecting these voices from the field.

KC University adds fresh and professional ideas to district policies, while Woori Bank and Seoul Credit Guarantee Foundation execute the completed policies, contributing to the revitalization of the local economy.

Going forward, the regional council will form an operations committee centered on working-level staff and hold regular meetings starting with the first working-level council in December to propose and discover policies reflecting the voices from the field of small enterprises and small business owners.

District Mayor Noh Hyun-song said, “This agreement was made to help small enterprises and small business owners struggling due to COVID-19 and to revitalize the local economy,” adding, “We will do our best together with the regional council institutions to prepare effective economic policies.”

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