Gwangju Dong-gu, Establishment of Dongmyeong-dong Urban Regeneration Village Management Cooperative

[Asia Economy Honam Reporting Headquarters Reporter Cho Hyung-joo] Dong-gu, Gwangju (Mayor Im Taek) announced on the 27th that it will conduct basic education for the establishment of a village management cooperative as part of the Dongmyeong-dong Urban Regeneration New Deal Project until November 18.

The village management cooperative is a social cooperative consisting of local residents as members, which will operate key facilities created through the Urban Regeneration New Deal Project in the future. After going through procedures such as ▲recruiting members ▲preparing articles of incorporation and business plans ▲holding the inaugural general meeting, it plans to apply for establishment approval from the Ministry of Land, Infrastructure and Transport.

This education program consists of a total of 11 sessions, including ▲understanding urban regeneration ▲urban regeneration and social economy ▲cases of village management cooperative operation ▲business plan writing ▲field trips to advanced sites, with about 30 participants including Dongmyeong-dong residents and village activists.

Im Taek, Mayor of Dong-gu, said, “The establishment of this village management cooperative is a meaningful task for the Dongmyeong-dong urban regeneration, driven by residents and the community as the main agents,” and added, “We will steadily promote the Dongmyeong-dong urban regeneration project through communication with residents and various capacity-building projects.”

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