Yeongcheon City Supports Local Settlement for Out-of-Area Young Entrepreneurs... 20 Million KRW Annually

Recruiting 2 People This Year... Preference Given to Those with Business Items Utilizing Local Resources

Yeongcheon City Hall panorama.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Yeongcheon City, Gyeongbuk Province announced on the 17th that it is recruiting participants for the '2021 Youth Startup Regional Settlement Support Project' to attract young population and revitalize the local economy.

The eligibility for this project is individuals or teams (up to 2 people) aged 19 to 39 whose address is not in Gyeongbuk, or if the applicant's address is in Gyeongbuk, individual applications are not allowed and they must form a team with youth from other cities or provinces outside Gyeongbuk.

Applicants can apply from the 19th until August 13th on the website of the Gyeongbuk Economic Promotion Agency, the executing organization of this project.

Selected teams will receive up to 20 million KRW annually in commercialization funds for up to 2 years, and for the first year only, a settlement activity allowance of up to 500,000 KRW per month within a limit of 20 million KRW will be provided. This year, Yeongcheon City is recruiting a total of 2 people and gives preference to those who have business items utilizing resources within the province.

Mayor Choi Ki-moon stated, "Through this project, we expect a positive effect on revitalizing the local economy by attracting young people with creative ideas and good business items to Yeongcheon City, enabling existing young entrepreneurs to share various information."

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