Cheonan City Begins Construction of Oryong District Alleyway Business Incubator

28 Billion KRW Invested to Create Hands-on Training and Experiential Education Space

Cheonan City in Chungnam announced on June 9 that it has begun construction of the 'Oryong District Alleyway Business Incubator'.

The Alleyway Business Incubator is being established to foster local brands and support youth entrepreneurship.

The city was selected for the Ministry of Land, Infrastructure and Transport's urban regeneration project in 2023, and with 60% of the project cost subsidized, is investing a total of 2.8 billion KRW with the goal of completing construction next year.

The Alleyway Business Incubator will be built at 77-26, Sinbu-dong, Dongnam-gu, with a site area of 53 square meters and a total floor area of 658 square meters. After completion, it will serve as a hands-on education and training space.

Lee Jongsu, head of the Urban Regeneration Division, stated, "We will ensure the smooth progress of the project so that the Alleyway Business Incubator can become an on-site education space connecting young entrepreneurs and startups."

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