Incheon City Hosts Youth Peace Economy Open Lab Project... Imagination Contest Applications Open

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 10th that it will promote the 'Republic of Korea Youth Peace Economy Open Lab Project,' which discovers and implements future agendas and ideas that can contribute to the establishment of peace in Northeast Asia.

This project is being conducted together with the Korea Council of Governors, Seoul City, and Gyeonggi Province.

Starting with the Imagination Contest, which will be held from the 15th of this month, marking the 21st anniversary of the June 15th North-South Joint Declaration, until the 18th of next month, the project will continue with the Open Table, an online and offline public forum, and the final presentation until October.

The Imagination Contest is open to individuals aged 19 to 39 domestically and internationally, or teams where the majority of members are aged 19 to 39. Anyone can participate through the Open Lab website (www.peaceopenlab.com) during the recruitment period.

The city will select 50 teams through the Imagination Contest screening, then conduct the Open Table for two months to progressively develop the content and evaluate it, ultimately selecting six final teams.

Each team will receive an initial project development fund of 3 million KRW and business incubating consulting support, and through the final presentation at the end of October, a second project development fund (totaling 15 million KRW) will be distributed differentially according to ranking.

Park Namchun, Mayor of Incheon, stated, "I hope that many creative and innovative ideas about the peace economy will be generated through the active participation of young people," and added, "We will actively support so that the diverse ideas of youth do not remain at the idea level but can be actually realized."

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