"Bringing Life to Alleyway Commercial Areas"…Incheon City Supports Merchant Associations with up to 20 Million Won

Alleyway Commercial District [Photo by Asia Economy]

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 1st that it will implement the '2022 Our Neighborhood Merchants Association Activation Voucher Support Project' to revitalize merchant organizations operating locally and alleyway commercial districts.

This project is planned to invigorate the grassroots alleyway commercial districts of our economy by activating naturally formed merchant associations such as merchant organizations, shopping district prosperity associations, alleyway commercial communities, and alley-type shopping streets in Incheon.

A total budget of 200 million KRW will be invested, supporting up to 20 million KRW per merchants association, targeting around 10 merchant associations.

Applications are accepted until the 24th and can be submitted by visiting the Incheon Small Business and Low-Income Financial Welfare Support Center in person or via registered mail.

Selected merchant associations through screening will receive support for joint marketing, creating safe commercial districts for hygiene-related quarantine, fire and security prevention within the commercial area, modernization of shared commercial facilities, customized sculptural installations, autonomous events to attract customers and increase sales, and tailored specialized projects for commercial district revitalization.

An official from Incheon City stated, "We hope many local merchant associations will become a strong growth pillar of the regional economy through the voucher support project," adding, "We will spare no effort in systematic support to maximize outcomes by discovering differentiated excellent cases and spreading them to other merchant associations and commercial districts."

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