Yangpyeong County Launches First-Ever "Rent Support Project" for Early-Stage Young Entrepreneurs

Yangpyeong County in Gyeonggi Province (Governor Jeon Jinseon) announced on October 23 that it will launch the "2025 Yangpyeong Young Entrepreneurs Rent Support Project" for the first time this year, aiming to ease the rent burden on young entrepreneurs amid ongoing economic downturn and high inflation.

Poster for the Young Entrepreneurs Rent Support Project. Provided by Yangpyeong County

This project is designed to reduce the rent burden for young entrepreneurs, support their settlement in the region, and create a stable environment for startups. The county plans to provide up to 50% of rent already paid in 2025 (up to 500,000 won per month) for a maximum of six months, with the subsidy calculated based on the actual rent paid.

Applicants must submit the application form, a pledge, a copy of their resident registration, a certificate of family relations, a certificate of business registration, and either a VAT tax base certificate or a certificate of income for tax-exempt businesses, among other required documents.

Eligibility criteria include: △ being a young entrepreneur aged between 18 and 39 with an address in Yangpyeong County △ having a business registered for at least one year but less than three years as of the announcement date △ having annual sales of 100 million won or less △ and currently paying monthly rent of at least 300,000 won.

Interested applicants can apply online via the Gyeonggi-do job platform "Jobaba" from 9:00 a.m. on October 29 until 6:00 p.m. on November 4. Further details are available on the integrated application system website, and inquiries can be directed to the Youth Team of the Family Welfare Division at Yangpyeong County.

Jeon Jinseon, Governor of Yangpyeong County, stated, "I am very pleased to implement the rent support project for the first time so that young people can take on the challenge of starting a business with passion and determination. We will provide meticulous support to ensure that this project offers practical help to early-stage young entrepreneurs, and we will do our utmost to make Yangpyeong a place where young people want to live."

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