LH Supplies 49 Units of 'LH Hope Shops' for Youth and Small Business Owners

Recruitment of Tenants for 19 Units in Seoul Metropolitan Area, 23 in Chungcheong Region, and 7 in Gyeongnam Region in July
Affordable Leasing for Youth and Small Business Owners to Support Stable Income Activities
LH Hope Shops Total 203 Units to be Supplied in 45 Complexes Nationwide in the Second Half of This Year

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced on the 7th that it will supply 49 LH Hope Shops in the metropolitan area, Chungcheong, and Gyeongnam regions this month.

Specifically, in the metropolitan area, there are 19 shops including 6 in Goyang Jichuk S-1 Block, 2 in Namyangju Byeollae A24 Block, 2 in Seongnam Wirye A2-15 Block, 8 in Paju Unjeong 3A1 Block, and 1 in Hanam Misa C3 Block. In the Chungcheong region, 23 shops will be supplied including 2 in the former Yesan County Office, 4 in Gaon Village 7 Complex (Sejong City), 3 in Daejeon Doan 3 District, 8 in Boryeong Myeongcheon A-1 Block, 2 in Yeongdong Yongsan, and 4 in Jincheon Gwanghyewon. In the Gyeongnam region, 7 shops will be supplied including 1 in Jinju Munsan, 3 in Jinju Okbong, and 3 in Tongyeong Anjeong.

By supply type, they are divided into △‘Public Support Type I’ for youth, career-interrupted women, and (preliminary) social enterprises △‘Public Support Type II’ for small business owners △‘General Type’ for general actual users. ‘Public Support Type I and II’ are supplied at 50% and 80% cheaper than market prices respectively, and tenants are recruited through a screening process based on public offering, while ‘General Type’ tenants are recruited through general competitive bidding.

Public Support Type I is available to △youth (those aged 19 to 39 as of the recruitment announcement date, who are prospective entrepreneurs or have been in business for less than 3 years) △career-interrupted women (women who have stopped economic activities due to marriage, pregnancy, etc., or women who have never engaged in economic activities but wish to start a business) △social enterprises (those certified as social enterprises), including preliminary social enterprises.

Public Support Type II is for small business owners under relevant laws, who must have at least 1 year of business experience within the last 10 years or currently be operating a business, and meet income criteria.

The General Type is supplied to actual users without separate qualification restrictions.

Detailed information on tenant recruitment, including supply schedules, can be found in the integrated announcement posted on [LH Subscription Center - Shops - Sale & Lease Information], and detailed recruitment announcements containing specific supply plans by complex will also be posted by each regional headquarters in the future.

Including the 49 shops announced for tenant recruitment this time, LH plans to supply a total of 203 LH Hope Shops in the second half of this year. Specifically, they will be supplied in 45 complexes nationwide, with 70 in the metropolitan area, 47 in the Chungcheong region, 64 in the Yeongnam region, and 22 in the Honam region.

‘LH Hope Shops’ are rental shops within LH rental housing complexes that are supplied under affordable rental conditions below market prices to youth, small business owners, career-interrupted women, social enterprises, etc., and can be used as startup spaces for up to 10 years. Since starting in 2017, a total of 618 units have been supplied nationwide up to last year.

An LH official said, "We expect a lot of interest from youth and others due to abundant demand and affordable rental conditions such as in Goyang Jichuk S-1 Block," adding, "We will continue to actively strive to support stable income activities for youth, career-interrupted women, and small business owners."

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