Daejeon City Invests 5.6 Billion KRW to Revitalize Traditional Markets and Shopping Districts

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will invest a total budget of 5.6 billion KRW in projects to revitalize traditional markets and shopping districts.

According to the city on the 10th, the project budget will allocate 5 billion KRW for facility modernization projects and 600 million KRW for alleyway commercial district revitalization projects.

The facility modernization project will be implemented by dividing it into three sectors: infrastructure improvements such as rain shelters (arcades), customer convenience facilities, and shared delivery centers to enhance commercial functions; safety facilities including electricity, gas, firefighting, and fire prevention; and specialized facilities such as tourist streets, space creation, specialized infrastructure, and development of specialized project content service fees.

This year, remodeling costs and system establishment for refrigeration, storage, and packaging equipment will also be supported to expand the shared delivery centers.

Additionally, 15% of the total budget is mandatorily allocated for safety management costs such as fire prevention facilities and electrical equipment safety inspection fees.

The alleyway commercial district revitalization project will be promoted as a business to strengthen the self-sustainability of alleyway merchants through development of regionally specialized content, joint marketing support, and capacity-building consulting.

Applications are open for alleyway commercial district community fostering support projects aimed at merchant self-sustainability, including management innovation cooperative marketing and theme development such as distribution structure improvement, for groups of 30 or more merchants. However, markets that have received support within the last three years are excluded.

Markets and shopping districts wishing to participate in the project should submit their application forms to the city through the relevant autonomous district office by the 29th of this month.

The city plans to select the final support targets by holding on-site surveys and review committees composed of external experts next month.

Yu Cheol, head of the Small Business Division of the city, said, “We hope this project will be actively utilized to ensure the safety and convenience of customers using traditional markets and shopping districts.”

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