Mayor Baek Younghyeon: "Corporate Representative Address Relocation... Expected to Boost Local Economy and Employment"

Pocheon City to Promote Corporate Representative Address Relocation
Incentives to Be Offered in Response to Population Decline Crisis

Pocheon City in Gyeonggi Province, led by Mayor Baek Younghyeon, announced on June 5 that it will actively implement the "Corporate Representative Address Relocation Activation Plan" starting in June to promote economic activities within the region and strengthen support for companies operated by Pocheon citizens.

Pocheon City will actively implement the "Corporate Representative Address Relocation Activation Plan" starting in June to promote economic activities within the region and strengthen support for companies operated by Pocheon citizens. Photo by Pocheon City

This plan was established to address the low proportion of corporate representatives and employees registered as residents of Pocheon City, an issue identified through communication processes such as on-site corporate meetings.

Pocheon City will first encourage corporate representatives to relocate their official addresses to Pocheon and provide preferential benefits accordingly to support smooth business operations. The city then plans to expand the target group to include employees, aiming to promote local settlement, create jobs, and ultimately contribute to the recovery of the local economy.

To achieve this, the city will collaborate with nine related organizations and groups, including the Pocheon City Town and Township Entrepreneurs' Association and Gyeonggi Daejin Technopark, to actively promote the initiative. Starting in 2026, Pocheon City plans to include the corporate representative's resident registration status in Pocheon as an additional scoring (incentive) factor when implementing various corporate support policies.

This will provide a favorable condition for companies when applying for various public projects, and corporate representatives who are Pocheon citizens will be eligible for additional points in areas such as loan and interest support.

Mayor Baek Younghyeon stated, "Although there are many companies based in Pocheon, it is necessary to pay more attention to representatives who actually reside in Pocheon while operating their businesses. Through the address relocation activation policy, we hope to effectively respond to the population decline crisis and achieve tangible policy outcomes that revitalize the local economy and employment."

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