Jeon Seung-il, a member of the Gwangju Metropolitan City Seo-gu Council, announced on the 20th that he conducted an on-site inspection of the Yangdong Traditional Market Commercial Area Revitalization Project on the 19th.
Following the youth startup store meeting at Yangdong Market in January, Councilor Jeon checked the operation of the youth store project within the commercial area revitalization project and the on-site business situation through a site visit. Meanwhile, the Ministry of SMEs and Startups and the Small Enterprise and Market Service (hereinafter referred to as the agencies) also conducted on-site inspections from the 19th to the 20th with external experts to review the annual projects and the execution of project funds.
Councilor Jeon stated, “Yangdong Market is a representative traditional market in Gwangju, and the youth store project plays an important role in revitalizing the local economy and creating youth jobs,” adding, “Through this on-site inspection, we will prepare improvement measures and continuously monitor the successful promotion of the commercial area revitalization project.”
Meanwhile, the Yangdong Traditional Market Commercial Area Revitalization Project (formerly the Commercial Area Renaissance Project) is a project with a total budget of 8 billion KRW (4 billion KRW from the national government, 2 billion KRW from the city government, and 2 billion KRW from the district government), which was selected through a public contest hosted by the agencies in May 2019. Seo-gu Office signed a business agreement with the Gwangju Economic Promotion and Win-Win Job Foundation (formerly the Gwangju Economic Employment Promotion Agency) in September 2019 to promote the project.
Shin Dong-ho, Honam Reporting Headquarters, Asia Economy, bless4ya@asiae.co.kr
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
