"Looking for Owners of Vacant Stores"... Osan City Offers Up to 11 Million Won in Exceptional Support

Support for Rent and Remodeling Costs
for Vacant Stores in Old Downtown Area in Front of Osan Station

Osan City in Gyeonggi Province has introduced a bold support plan to resolve vacant stores in the old downtown area. On the 26th, Osan City announced that it will operate the 'Vacant Store Startup Support' project to strengthen the competitiveness of small business owners in the city and revitalize the local economy.

The support targets vacant stores in the Cultural Street area in front of Osan Station in Wondong. Small business owners currently residing in Osan City who rent these vacant stores to start a new business or relocate will receive support for rent and remodeling costs.

The city will allocate a budget of 33 million KRW to support three stores. Selected applicants will receive up to 500,000 KRW per month for store rent and up to 11 million KRW for remodeling costs (interior and outdoor advertising).

The city will accept applications until the 17th of next month and will select qualified candidates by evaluating ▲commitment to the project ▲business item ▲appropriateness of the business plan. Young merchants aged 19 to 39 will receive additional points during selection.

The city plans to actively support small business owners wishing to start businesses in vacant stores by providing management consulting, including tax, labor, legal, and business promotion assistance.

A city official said, "Through the vacant store startup support project in the Osan Station area, which was the center of Osan City's commercial district, we hope to give entrepreneurs the opportunity to take on challenges and bring new economic vitality to the old downtown alley commercial district."

For more details, please contact the Local Economy Team of the Osan City Local Economy Division.

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