Haenam-gun Selected for 2 Village Enterprises Re-designated under Ministry of the Interior and Safety Model

Expecting Job Creation Effects from Profit Projects Utilizing Local Resources

Haenam-gun, Jeollanam-do, has had two entities, Choho Agricultural Cooperative Corporation and Woorideul Gokgan Agricultural Cooperative Corporation, finally selected as second-year re-designated village enterprises in the Ministry of the Interior and Safety (MOIS)-type village enterprise contest project hosted by the Ministry of the Interior and Safety.

Haenam-gun Office Building Exterior
[Photo by Haenam-gun]

According to the county on the 18th, a village enterprise is a corporation led by local residents based in the village that utilizes local resources to create jobs and generate income. It must be promoted by a corporation composed of more than 70% local residents and possess community spirit, publicness, locality, and entrepreneurship.

Once designated as a village enterprise, it can receive support of up to 100 million KRW over three years for operating expenses, facility, and asset acquisition costs (50 million KRW in the first year, 30 million KRW in the second year, and 20 million KRW in the third year).

Choho Agricultural Cooperative Corporation, designated as a MOIS-type village enterprise, operates a complex experience center and sells products such as dried Daebong persimmons and health juices, while Woorideul Gokgan Agricultural Cooperative Corporation processes and sells locally produced agricultural products such as wheat, Yeoju, red chili peppers, and cabbage.

A county official stated, “We expect that village enterprises will help create jobs and increase income within the region,” adding, “The county will also spare no support to help village enterprises grow into self-reliant communities.”

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