Additional Youth Shops Created to Nurture Youth Hope in Gongneung-dong, Nowon-gu

Gongneung-dong Noodle Street Private Shops Transformed into Youth Stores Nos. 3-6 for Rent to Youth... Operators Aged 19-39 Sought by April 30... No Deposit, Reduced Rent, Basic Tax & Accounting Training, Consulting, Marketing, and Mentoring Support Provided

Operator of Nowon Youth Store No. 1

[Asia Economy Reporter Park Jong-il] Nowon-gu (District Mayor Oh Seung-rok) is supporting the establishment of youth stores to provide young people with the opportunity to experience entrepreneurship with small capital.

This project, which provides spaces in a rental format, involves creating youth stores 3 to 6 near Guksu Street by Gongneung Station, one of Nowon-gu's representative commercial areas: ▲ 3rd store (33㎡) on the 1st floor at 5, Dongil-ro 191ga-gil ▲ 4th store (59.53㎡) on the 2nd floor near Gongneung-dong Happy Power Plant ▲ 5th store (72.08㎡) on the 2nd floor at 23, Dongil-ro 179-gil ▲ 6th store (31.35㎡) on the 2nd floor at 15, Dongil-ro 179-gil.

The contract period is two years, and to reduce the burden of starting a business, the deposit is waived and 50% of the monthly rent is discounted for the first year. Along with remodeling costs of 500,000 KRW per 3.3㎡, basic education and consulting on essential topics such as tax and accounting, as well as marketing support, are provided.

Applicants must be individuals aged 19 to 39 or teams of up to four young people without disqualifications for business registration. Entrepreneurship is possible in the industries and items desired by the youth operators. However, cafes and food service businesses are excluded.

Those wishing to operate a youth store can check eligibility and required documents on the Nowon-gu Office website and submit them via email to the Nowon-gu Office contact (hjhj1205@nowon.go.kr) by April 30.

Operators will be selected based on the novelty and feasibility of their startup items and regional characteristics through a first document screening, a second selection committee review, and an interview evaluation, with results announced on May 12.

Earlier this year, the district opened youth stores 1 and 2 at the Nowon Math Culture Center and the Culture and Arts Center, and plans to continue expanding youth stores in university areas and alley commercial districts to support youth entrepreneurship.

District Mayor Oh Seung-rok said, “Young people dreaming of starting a business are facing difficulties due to COVID-19. We will establish a solid foundation for startups and prepare various support measures so that young people with entrepreneurial dreams can realize them in Nowon.”

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