Geumcheon-gu Supports Up to 30 Million KRW for Facility Improvement When Opening Affiliated Parking Lots

Geumcheon-gu Promotes Opening of Attached Parking Lots in Local Multi-Unit Buildings, Apartments, Churches
Provides Facility Improvement Subsidies, Traffic Inducement Charge Reductions, and Parking Revenue Compensation
High User Satisfaction with Affordable Parking Near Nearby Buildings

Geumcheon-gu (Mayor Yu Seong-hoon) announced that it is recruiting businesses to open vacant parking spaces in private attached parking lots to nearby residents.

This initiative is being promoted to overcome the limitations of public parking supply and to alleviate parking difficulties around residential areas and workplaces. Most of the parking lots operate under a resident-priority parking system, allowing parking near buildings, and some facilities offer affordable parking fees comparable to public parking lots, resulting in high user satisfaction.

Last year, the district additionally opened 180 spaces across 6 attached parking lots, bringing the total to 23 locations with 897 parking spaces available.

Opening private attached parking lots provides various benefits such as subsidies for parking facility improvement costs and reductions in traffic inducement charges.

The facility improvement subsidy can provide up to 30 million KRW for newly opened parking lots, up to 10 million KRW for the first extension, and up to 5 million KRW for extensions beyond the second time.

The subsidy amount is determined based on the number of opened parking spaces and the condition of the facilities. For building parking lots, at least 5 spaces must be opened for more than 2 years to qualify for the facility improvement subsidy. Facilities participating in the traffic inducement charge reduction program can receive up to a 5% reduction in traffic inducement charges depending on the utilization rate of the opened parking lots if conditions are met.

Starting this year, painting costs for family consideration parking spaces will be increased by about 350,000 KRW per space, and installation costs for “Thankful Sharing” signs will be increased by 100,000 KRW, providing 300,000 KRW per location. Additionally, various benefits such as compensation for parking operation revenue losses and support for parking liability insurance are available.

The district encourages opening parking lots by linking with private companies and facility management corporations that have business agreements with the district, as managing residents and other difficulties arise when operating opened parking lots independently.

To discover new parking lots to open, promotional mail will be sent targeting collective buildings, churches, and apartment complexes. Also, installation of guide signs such as notice boards and signboards to easily identify opened parking lots will be mandatory.

Yu Seong-hoon, Mayor of Geumcheon-gu, stated, “The parking sharing opening project is a pledge of the 8th local government administration and is a project that can contribute to alleviating local parking difficulties by utilizing existing attached parking facilities. We plan to continuously expand it.” He added, “We will strive to solve parking problems by spreading a parking sharing culture based on trust between the public and private sectors.”

For more details, inquiries can be made to the Parking Management Division of Geumcheon-gu Office.

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