LetsRun Park Busan Gyeongnam Reaches Out to Local Youth, Boosts Self-Sufficiency of Local Startups

Six Startups Selected to Receive 40 Million Won in Funding

Korea Racing Authority Let's Run Park Busan Gyeongnam (Director Eom Youngseok) announced on the 29th that it had delivered a donation of 40 million KRW on the 11th to support the 'Startup Incubating' project for local startup companies.

The 'Startup Incubating' project was planned to secure the self-sustainability of companies in the Busan area and to increase local employment.

The project supports startup costs and expert coaching for prospective entrepreneurs and new companies in the social economy sector, helping to build a network where young people and the local community can cooperate and coexist.

The donation ceremony was held at the main building of the Korea Racing Authority Busan Regional Headquarters, attended by Eom Youngseok, Director of the Korea Racing Authority Busan Gyeongnam Regional Headquarters; Yoo Cheol, Director of Busan Plan; Kim Jiin, CEO of ImoJomo; Lee Myeongho, Director of Urban Light; Lee Donghyeok, Chairman of Good Morning Social Cooperative; and Kim Sangmin, President of Jangseungpo Village Management Cooperative.

The 'Startup Incubating' project, promoted through Busan Plan, went through a public contest and screening process starting in April, selecting six aspiring entrepreneurs and successful new companies to receive a total of 40 million KRW in support. New companies receive funding for product development, while all selected companies are provided with business operation consulting, customized training for certification acquisition, and promotional marketing education programs.

Eom Youngseok, Director of the Korea Racing Authority Busan Gyeongnam Regional Headquarters, said, "I hope this project will help bring new vitality to the local economy by fostering mutual growth between young people and the region," and added, "We will continue to provide various forms of support so that self-sustaining local companies can drive community development."

Let's Run Park Busan Gyeongnam has discovered and supported 17 local startup companies with a total of 150 million KRW over three years since 2022. In addition, it has carried out various projects to promote local employment, including the creation of 677 jobs directly and indirectly.

LetsRun Park Busan Gyeongnam (fourth from the left, Eom Youngseok, Head of Busan Gyeongnam Regional Headquarters) is delivering a donation of 40 million won to local startup hopefuls and newly established companies to support the self-sustainability of regional businesses.