Naju-si Accelerates Revitalization of Yeongsanpo Commercial District

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 11th that it held a meeting of the Yeongsanpo Commercial District Revitalization Promotion Council on the 10th to discuss plans for promoting the 5th Commercial District Renaissance contest project hosted by the Ministry of SMEs and Startups.

This project designates declining commercial districts as revitalization zones and promotes the creation of distinctive commercial districts through projects such as 'commercial environment improvement' (street maintenance, infrastructure construction) and 'commercial revitalization' (theme zone operation, specialized product brand development).

The eligible commercial districts must include at least one market, shopping street, or alley-type shopping street, and must be areas where commercial activity has declined or is at risk of decline in the past two years.

Additionally, according to Article 2, Clause 4 of the Traditional Market Act, the district must meet conditions such as 'including more than 50% commercial area according to the National Land Planning Act,' '700 retail or service stores for populations over 500,000,' and '400 stores for populations under 500,000.'

If selected for the project, a budget of 6 billion KRW over 5 years, with a maximum of 12 billion KRW, will be supported.

The meeting was attended by Lee Jaenam, Chairman of the Planning and General Affairs Committee of Naju City Council, Councilor Lee Daesung, Naju City Future Strategy Industry Bureau Chief Na Sangin, and about 20 commercial district stakeholders including heads of relevant departments.

The council plans to carry out activities such as signing win-win agreements with landlords for the commercial district renaissance project application and cooperation activities with merchants.

A city official said, "We will do our best to be selected for the Commercial District Renaissance contest project that will enhance the self-sustaining competitiveness of the declining Yeongsanpo commercial district due to urban hollowing-out," and added, "We will actively reflect various opinions collected through continuous council meetings in the basic project plan."

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