Voluntary Commercial District Revitalization Project by Local Merchants, Residents, and Students

A meaningful signal for new commercial district development echoed from the provinces.


On the 14th, it was announced that Muan-gun, Jeollanam-do (Governor Kim San) held the '2024 Neighborhood Commercial District Development Center Launch Ceremony' on the 12th at the first floor of the Mokpo National University headquarters.


On this day, Governor Kim San and related officials initiated a new start for the development of neighborhood commercial districts. The launch ceremony marked the official start of the Neighborhood Commercial District Development Center support project, which is being operated for the first time this year.


On the 12th, the 2024 Neighborhood Commercial Area Development Center inauguration ceremony was held at Mokpo National University. <br>[Photo by Muan-gun]

On the 12th, the 2024 Neighborhood Commercial Area Development Center inauguration ceremony was held at Mokpo National University.
[Photo by Muan-gun]

View original image

Centered around the organizing institution, Gwaenchana Maeul Mokpo Co., local merchants, residents, and students actively communicated about their activity plans.


The Neighborhood Commercial District Development Center support project aims for community members to collaborate in solving commercial district issues and establishing sustainable development strategies.


This year, with a project budget of 100 million KRW, local commercial district activities are planned to continue until December. Major projects include operating an independent bookstore utilizing vacant stores, signing win-win agreements between landlords and tenants, and establishing a self-governing commercial district association jointly explored by merchants and residents.


Additionally, the commercial district behind Mokpo National University will be selected as a self-governing commercial district zone and will challenge a commercial district revitalization project that can receive up to 10 billion KRW over five years.


Lee Hye-hyang, head of the local economy division, said, "I hope Cheonggye-myeon will be reborn as a neighborhood commercial district that reflects the characteristics of the area behind Mokpo National University," and added, "We expect active participation and support from merchants and residents."


Muan-gun and Mokpo National University successfully attracted the Neighborhood Commercial District Development Center project through close cooperation, and various supports and policies for community development are expected to be promoted.


The joint 'Neighborhood Commercial District Development Center' is expected to open a new chapter through the cooperation between Muan-gun and Mokpo National University.



Muan = Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-ju just8440@asiae.co.kr


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing