Gyeongnam Province Joins Forces to Revitalize Social Economy... Innovation Town to Begin Construction This Year

Gyeongnam Provincial Government Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The remodeling and expansion construction of the Social Economy Innovation Town, a key project promoted by Gyeongsangnam-do, will commence this year.

On the 15th, Gyeongsangnam-do held the '2021 1st Gyeongsangnam-do Social Economy Committee' in writing to revitalize the social economy in Gyeongsangnam-do, reporting on the major tasks of the Social Economy Promotion Team for this year and the results of the '1st Social Economy Working Committee Meeting.'

According to the committee report on that day, in addition to the groundbreaking of the Social Economy Innovation Town this year, Gyeongsangnam-do will also implement low-interest loans to support financing for social economy enterprises.

Furthermore, by linking with the Gyeongnam-type New Deal project, it plans to support green new deal social economy entrepreneurs and promote the revitalization of the social economy through discovering social economy collaboration models to solve local community problems.

The 'Social Economy Committee' is a public-private governance consensus body composed of social economy enterprises, intermediary support organizations, experts, and public officials, serving as a deliberative and advisory institution at the center of 'social economy revitalization.'

This meeting is the first held after the Social Economy Promotion Team was placed directly under the Deputy Governor for Economic Affairs, changing the ex officio co-chairperson from the Deputy Governor for Administration to the Deputy Governor for Economic Affairs.

Jang Jaehyeok, head of the Gyeongsangnam-do Social Economy Promotion Team, said, "This year, with the groundbreaking of the Social Economy Innovation Town, the foundation and infrastructure of Gyeongsangnam-do's social economy, promoted since the 7th local government, are gradually being established," adding, "We will coordinate public-private cooperation relationships to accelerate the growth of the social economy."

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