Samcheok City to Officially Launch Samcheok-Style Youth Startup Support Project

A Jumpstart for Aspiring Entrepreneurs
Up to 10 Million Won in Indirect Startup Funding
Revitalizing the Region by Boosting Youth Startups

Samcheok City in Gangwon Province will officially launch the "2025 Samcheok-Style Youth Startup Support Project" to help local young people settle down stably and to boost startup activities.

Samcheok City Hall view. Provided by Samcheok City.

This project has been established using the city's own budget, following the end of national funding between 2022 and 2024, in order to address local issues such as youth outflow and population decline.

The program targets aspiring entrepreneurs and those who have been in business for less than one year, aged 18 to 49, who reside in Samcheok. A total of 10 participants will each receive up to 10 million won in indirect startup funding. This funding can be used for expenses necessary for preparing and establishing a business, including material costs, promotional expenses, rent, patent application fees, and training costs.

The areas supported by the program are broadly defined and include: ▲ Sixth Industry (processing and service businesses linked to local agricultural specialties), ▲ Manufacturing and Technology Startups (such as renewable energy, environment, machinery), ▲ Knowledge Startups (design, knowledge content, professional consulting), and ▲ General Startups (high value-added small business ventures).

Selection will be finalized through a document review, in-person interviews, and deliberation by the Local Subsidy Management Committee. Participants will carry out their businesses for one year and will be subject to regular inspections and evaluations regarding project progress and expenditure details.

Samcheok City will accept applications via the Botam-e (Local Subsidy Management System) from September 8 to 19. After the review and selection process in October, the project will be fully implemented starting in November.

A city official stated, "Supporting youth startups is a key task for revitalizing the region and encouraging population settlement," and added, "We will actively support young people with an entrepreneurial spirit so they can realize their dreams through startups in Samcheok."

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