Busan City Recruits Youth Aspiring to Start Businesses! ... Up to 54 Million KRW Support Over 3 Years

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Busan City is recruiting young local creators who wish to start a business in Yeongdo-gu until the 25th.

'Local Creator' (regional value creator) refers to entrepreneurs or startup companies that create business value through creativity and innovation using the region's natural environment and cultural assets as material.

Local creators are selected in seven fields: ▲hub brand ▲regional value ▲local food ▲region-based manufacturing ▲eco-friendly activities ▲region-specific tourism ▲digital cultural experiences.

The city is promoting a customized youth local creator startup support project for Yeongdo-gu, one of the regions at risk of population extinction, selecting 20 individuals (or teams) and plans to support up to 54 million KRW over three years.

In the first year, 15 million KRW per person will be provided for startup preparation, operating expenses, and space rental fees. In the second year, an additional 15 million KRW will be supported for prototype production, promotion costs, etc., upon actual startup success.

Even if it does not lead to an actual startup, the first-year support funds for startup preparation and rental fees will be provided to spread the culture of challenging entrepreneurship.

In the third year, if a young person is newly hired, an additional 24 million KRW for youth wages will be supported to induce sustainable growth of young local creators and strengthen the regional business foundation of Yeongdo-gu.

Systematic education on successful business models linked with the incubation program of 'CryptonX,' the incubating partner company of the 'Busan Youth Local Creator Development Project,' will also be supported.

Prospective or local producers (individuals or companies) within seven years of startup who wish to participate in the project can apply through 'Youth Busan Jobs' on the Busan Job Information Network by the 25th.

Gomi-ja, Director of Youth Industry-Academia Startup, said, “We will continue active support so that the innovative entrepreneurial spirit of local creators can revitalize the Busan local creator creative ecosystem beyond Yeongdo-gu.”

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