Opening of Yeollin Studio, a Youth and Resident Startup Space in Sangdo 4-dong, Dongjak-gu

Providing Startup Activity Spaces for Youth and Residents to Foster Young Entrepreneurs... Concurrent Operation of Programs Supporting Local Community Formation... 'Open Studio' Opening Ceremony Held on the 28th... Lee Chang-woo, Dongjak-gu Mayor, and Over 20 Local Residents Attended

[Asia Economy Reporter Jongil Park] Dongjak-gu (Mayor Changwoo Lee) has opened the 'Youth and Resident Startup Space Open Studio (Seongdaero 25ga-gil 8)' established to revitalize the Sangdo 4-dong urban regeneration project.

The Open Studio is a facility built to provide startup activity space for local youth and residents, fostering entrepreneurs and securing the sustainability of the resident-led urban regeneration project. It was completed in January with a budget of 1.7 billion KRW.

The facility has a total floor area of 226㎡ and consists of 1 to 4 floors above ground. The first floor serves as a meeting space for resident companies and residents, while the second and third floors house shared offices (for 1, 3, and 5 people). Shared kitchens and rest areas for residents are also provided.

Additionally, the operation of the Open Studio is entrusted to 'Cooperative Sang4rang (Representative Yongsoo Won),' selected through a public contest in March.

The majority of the cooperative members of Sang4rang are residents of Sangdo 4-dong, and after a pilot operation until October, full-scale operation will begin.

Meanwhile, the opening ceremony held on the afternoon of the 28th was conducted in compliance with COVID-19 social distancing guidelines, with about 20 attendees including Mayor Changwoo Lee and local residents celebrating the new start of the Open Studio.

Mayor Changwoo Lee of Dongjak-gu said, "I hope that various young entrepreneurs in different fields will be nurtured through the Open Studio," and added, "Resident-led urban regeneration starts now, and I hope active participation of residents continues centered on the anchor facilities Sangdo Eoul Madang and the Open Studio."

Since Sangdo 4-dong was selected as a Seoul-type urban regeneration pilot area in December 2014, the district has invested a total of 10.5 billion KRW over five years to complete projects such as ▲ alley park creation ▲ crime and fire safety alley creation ▲ Sangdo Eoul Madang construction ▲ historical theme trail creation.

With the opening of the Open Studio, the urban regeneration seed money project has been fully completed.

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