Sangju City Promotes Facility Improvement and Business Stability Support Project for Small Business Owners

A view of Sangju City Hall. (Photo by Sangju City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] Sangju City, Gyeongbuk announced on the 28th that it will promote a support project for small business owners' facility improvement and management stabilization to develop and revitalize the local economy.

The target projects include construction, extension, and repair of business buildings and facilities, replacement of equipment and supplies, brand development, and packaging production. The support budget totals 500 million KRW, with 300 million KRW for facility improvement and 200 million KRW for management stabilization.

Small business owners who have had their address in Sangju City for more than three years and have operated the relevant business for more than three years can submit an application form and related documents to the welfare center of the jurisdictional eup, myeon, or dong where the business is located by the 6th of next month.

Jo Seong-hee, Acting Mayor of Sangju City, said, "We expect this to contribute not only to increasing the income of small business owners who have the will to improve but face difficulties due to economic recession and financial difficulties, but also to revitalizing the local economy."