Seoul Credit Guarantee Foundation Supports Revitalization of Gugakgil in Gaepo 4-dong, Gangnam-gu

Gangnam-gu and Seoul Credit Guarantee Foundation Sign Business Agreement to Revitalize Gaepo 4-dong Gugak-gil

Gangnam-gu (Mayor Jo Seong-myeong) signed a business agreement with the Seoul Credit Guarantee Foundation (Chairman Joo Cheol-soo) at the district office at 2 p.m. on the 11th to revitalize the commercial district along Gugak-gil in Gaepo 4-dong.

Gugak-gil is a commercial district formed along the road centered around the National Gugak Middle and High School, the only traditional culture specialized educational institution in Korea. In 2019, Gaeporo 22-gil and Nonhyeon-ro 10-gil were designated as Seoul honorary roads named 'Gugak-gil.'

The district participated in the Seoul city commercial district revitalization project contest to revive this area's commercial district and secured a city subsidy of 75 million KRW.

Through this agreement ceremony, the district and the foundation agreed to promote ▲merchant capacity training within the commercial district ▲facility improvements ▲joint marketing projects. A project promotion committee will be organized within this month to successfully carry out the Gugak-gil commercial district revitalization project, and the project will be actively promoted according to this agreement.

Mayor Jo Seong-myeong said, “I hope this business agreement will be an opportunity to revive the uniquely charming Gugak-gil commercial district,” and added, “We will continue to invigorate the local economy through revitalization projects that consider the characteristics of each commercial district.”

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