Yangju City Signs MOU with Shinsung Corporation to Support Youth Start-ups

Yangju City in Gyeonggi Province announced on March 5 that it has signed a Memorandum of Understanding (MOU) with Shinsung Corporation Co., Ltd. to establish a stable growth foundation for youth start-up companies.

Yang Soo-hyun, Mayor of Yangju City, is signing a memorandum of understanding (MOU) with Shinsung Corporation Co., Ltd. to establish a stable growth foundation for youth start-up companies. Provided by Yangju City

This agreement was pursued to resolve the difficulties young entrepreneurs face in securing initial settlement spaces and to strengthen the operational foundation of start-ups by supporting logistics warehouse space.

Under the agreement, Shinsung Corporation Co., Ltd. will provide office and logistics space for youth start-up companies and, in cooperation with Yangju City, will also support mentoring and program operations to strengthen corporate capabilities.

Starting with an on-site visit to Shinsung Corporation’s Logistics Center 1 in October last year, Yangju City inspected the logistics center’s facilities and available spaces. After exchanging business proposals and holding working-level consultations, the two parties concluded this agreement.

An official from Yangju City stated, “One of the biggest challenges youth start-up companies face is the burden of space and logistics costs,” adding, “We hope this agreement will serve as a practical support model to help start-up companies operate their businesses stably.”

Park Junguk, CEO of Shinsung Corporation Co., Ltd., said, “We are honored to contribute to the growth of youth start-up companies in Yangju City,” and added, “As a logistics specialist, we will actively support them with our facilities and expertise.”

Yangju City expects that this agreement will help alleviate the space and logistics burdens of youth start-up companies and provide a stable foundation for their growth.

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