Another Company Saving Ulsan... Ministry of the Interior and Safety Designates 7 'Maeul Enterprises'

New 4, Re-designated 2, Advanced 1

Total 52 Locations in Ulsan by This Year

Support for Project Funding, Management, and Market Development

This year, seven companies in Ulsan were selected as ‘Village Enterprises’ designated by the government.

On the 13th, Ulsan City announced that a total of seven companies were designated as village enterprises in the ‘2023 Ministry of the Interior and Safety Village Enterprise Final Designation Review,’ including four newly designated companies, two re-designated companies, and one advanced company.

By region, Jung-gu and Nam-gu each had one re-designated company, Dong-gu and Buk-gu each had one newly designated company, and Ulju-gun had two newly designated companies and one advanced company designated as village enterprises.

The newly designated village enterprises are ▲ ‘Areumdawoom Bangojin Cooperative (Dong-gu),’ which develops and sells kimchi and local traditional foods using seawater ▲ ‘Nongso 1-dong Residents’ Autonomous Social Cooperative (Buk-gu),’ which operates a vegetable garden experience learning center and processes and sells agricultural products ▲ ‘Ganjeolgot Tomato Cooperative (Ulju-gun),’ which processes and sells fresh tomatoes and runs a salted napa cabbage business ▲ ‘Ganjeolgot Silnara Workshop Cooperative (Ulju-gun),’ which develops and sells hand-knitted and upcycled products.

The re-designated village enterprises are ▲ ‘Daljang Co., Ltd. (Jung-gu),’ which manufactures and sells fish sauce and dolphin seaweed ▲ ‘Bandeut Co., Ltd. (Nam-gu),’ which produces and sells fabric products and conducts sewing machine education projects.

‘Ganjeolgot Baekkot Maeul Co., Ltd. (Ulju-gun),’ which manufactures and sells food items such as rice cakes and desserts using Seosaeng pears, was designated as an advanced village enterprise this year following its re-designation last year.

An official from Ulsan City said, “Including the four newly designated companies that passed this review, we will operate a total of 52 village enterprises designated by the Ministry of the Interior and Safety,” adding, “We will actively discover village enterprises that utilize local characteristics and support them to grow and operate soundly.”

Village enterprises are community-level companies established and operated by local residents to effectively realize the benefits of the local community by utilizing local resources. To be designated as a village enterprise, companies must have community spirit, public interest, locality, and business viability.

Village enterprises are classified by growth stage into first-stage (new) village enterprises, second-stage (re-designated) village enterprises, and third-stage (advanced) village enterprises. The designated village enterprises will receive project funds ranging from 20 million to 50 million KRW depending on their growth stage, as well as systematic management consulting including capacity-building education, counseling, promotion, and market development.

Village Enterprise Promotional Image.

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