Yangcheon-gu Offers Up to 22.5 Million Won in Support for Youth Entrepreneurship

Subsidies for Rent, Promotional Costs, and Remodeling Expenses
Participants Accepted Until the 26th of This Month

Yangcheon-gu in Seoul (District Mayor Lee Kijae) is recruiting participants for the "2026 Youth Store Development Project" to support youth entrepreneurship until the 26th of this month.

This project provides young people who are preparing to start a business or are in the early stages of start-up with partial support for start-up costs such as rent, promotional expenses, and remodeling expenses, and offers support with start-up procedures, tax and accounting education, and customized consulting.

Rokeol Koneo, a bakery cafe opened through the Youth Store Support Project. Provided by Yangcheon District.

Eligible applicants are young people between the ages of 19 and 39 who, as of the announcement date, have a business registration within the last two years and either wish to start a business in Yangcheon-gu or have already done so. For discharged soldiers who have completed their mandatory military service, the upper age limit is extended by up to three years in consideration of their service period.

Beneficiaries will be selected through a first-round document screening and a second-round business plan presentation and interview screening. The district will provide all candidates who pass the document screening with basic start-up education, including commercial district analysis and marketing, as well as one-on-one customized consulting.

Those finally selected will receive support, within 50% of their own contribution, for up to 1 million won per month in rent and up to 1 million won in promotional expenses for one year from the date of the agreement. Prospective entrepreneurs can also receive up to 10 million won in remodeling costs.

Over the past eight years, 44 youth stores have received a total of approximately 600 million won through this project and have successfully launched businesses in various sectors such as restaurants and cafes, accessory shops, and side-dish stores. Rokeol Koneo, a bakery cafe opened in 2023, opened its second branch last year and has established itself as a successful example of youth entrepreneurship.

Young entrepreneurs who wish to participate can check the required documents in the notices section on the district office website (www.yangcheon.go.kr) and then apply by sending them to the person in charge via email (yes102@yangcheon.go.kr).

Yangcheon-gu District Mayor Lee Kijae said, "Youth entrepreneurship is not just about individual challenges; it is an important driving force that injects new vitality into the local economy," adding, "We will create an environment where young people can take on challenges with confidence through practical support that reduces the burden in the early stages of start-up and helps ensure sustainable growth."

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