Gimhae-si, Steadily Moving Toward a Youth Startup City

Gimhae City-Gyeongnam Bank-Gyeongnam Youth Startup Association, Startup Support MOU
Expecting Synergy Effects from Support Cooperation System Establishment and Association Relocation to Gimhae

On the 16th, a business agreement ceremony was held at the city hall to establish a youth startup support cooperation network between Gimhae City, Gyeongnam, BNK Gyeongnam Bank, and the Gyeongsangnam-do Youth Startup Association.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 16th, Gimhae City in Gyeongnam signed a business agreement at City Hall with BNK Gyeongnam Bank and the Gyeongsangnam-do Youth Startup Association to establish a cooperative network supporting youth startups.

According to the agreement, the city and Gyeongnam Bank will build a support cooperation system including jointly hosting youth startup projects, providing incubation support for startup companies, and jointly developing financial services.

Specifically, since 2021, an annual youth startup idea competition will be held once a year, and winners will be provided with services such as product commercialization, priority qualification for startup space occupancy, and preferential loan interest rates, along with various support such as startup seminars and lectures by investment experts.

In addition, the Gyeongsangnam-do Youth Startup Association, a group of youth entrepreneurs in the province, is scheduled to move from Jinju to the Gimhae Small and Medium Business Center, which is expected to act as a catalyst for establishing the city as a startup and venture hub.

Mayor Heo Seong-gon said, “For industries and cities to thrive, young people must live well, but compared to the metropolitan area, networking and information sharing for local youth have been insufficient,” adding, “With this agreement and the relocation of the Gyeongsangnam-do Youth Startup Association, I hope local youth will take the lead in youth startup policies and strengthen information exchange.”

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