Changwon Special City Launches Small Business Small-Scale Management Environment Improvement Project

Investment of 500 Million KRW, Up to 2 Million KRW Facility Improvement Support

Changwon Special City in Gyeongnam is promoting the ‘2023 Second Half Small-Scale Business Environment Improvement Project’ to support small business owners facing management difficulties due to weakened consumer sentiment.

Changwon Special City Hall, Gyeongnam.
Photo by Se-ryeong Lee

The support targets small business owners who have been established for more than six months as of the announcement date. The support areas include facility improvements that practically help the business environment, such as installing LED outdoor signs, interior and exterior renovations (lighting, wallpaper, flooring, etc.), replacing standing tables, restroom improvements, and expanding fire prevention and security facilities. Up to 70% of the facility improvement costs per store, with a maximum of 2 million KRW, will be supported. A total of 250 locations will be supported with a full city budget of 500 million KRW. Business owners wishing to apply can submit their application forms to the Economic and Transportation Division of the district office where their business is located from August 7 to September 1.

In the first half of the year, 738 companies applied. The city supported a final total of 274 locations through a selection review based on sales amount, business operation period, store type and size, and number of employees. The most popular support application items were signboard improvements, table and chair replacements, wallpapering, and interior improvements, in that order.

Hong Nampyo, Mayor of Changwon Special City, said, “The local economy can only revive when small business owners are revitalized. I hope this will bring vitality to many small business owners, and we will continue to discover projects that help strengthen competitiveness in the future.”

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